Public Mediation

GENERATION MORTGAGE COMPANY-Dispute-#4321673

A. R. vs. Generation Mortgage Company
3 Piedmont Center, Suite 300, 3565 Piedmont Rd Ne Bldg 3-300, Atlanta, Georgia, 30305, United States
Amount Involved: $40,600.00
    • Status: In Negotiation
      This claim has posted for public comment and negotiation. It will remain posted until resolved to the claimant's satisfaction. Suggest a resolution to help these parties reach a settlement.
       (seeking public comment)
    • Claimant Seeks: View.
    • Claim #: 4321673
    • Amount Involved: 40,600.00
    • Filed On: Jun 04, 2013
    • Posted On: Jun 15, 2013
    • Complaint(s):
      • Bad business or marketing practices
      • Unfulfilled promises
      • Income loss
View less
Rate or Review on GENERATION MO...
Become an online mediator
  • Review this case.
  • Propose your solution.
  • Win the reward (1,000)
Statement of Claim
Complaints Involved (4) - View
Claimant says:
"I applied for a reverse mortgage, the appraiser they used undervalued my house by $40,000 dollars. I spent approximately $600 dollars on the apraisal and a lawyer's letter that they needed. I have the documentation to prove the real value of my home. Due to their negligence I was not able to get the reverse mortgaqge. On several occasions I asked the mortgage professional to send me my copy of the appraisal so I could have their appraiser.s license revoked in the state of Texas where I live. I plan on filing a civil suit against all parties involved but it seems generation mortgage just keeps ignoring my requests. Also let me state that I called constsntly and e-mailed the professional and never had any of my messages returned or have someone from their office contact me and keep me updated."
...
Reply Have a similar problem?
What Claimant Wants Hide
1. Compensation: loss of retirement income Jun 19, 2013 $40,000.00
2. Recovery of Losses: appraisal fees and lawyers letter Jun 19, 2013 $600.00
Cash total : $40,600.00
  • 0
Do you agree with the claimant’s demands?  (If you are a party to this claim, click here.)

Respondent's Counteroffer

There has been no response to this claim from GENERATION MORTGAGE COMPANY. This claim will remain posted until resolved
Expand
Refresh
  • Show:
  • Sort by:
  • Comment: by diane.in.nc — Online mediator
    • On: 07-11-2013
    View more
  • First of all let me state that I am not affiliated with, nor do I know anyone at Generation Mortgage.
    I am a loan officer with over 20 years experience, who has been granted license to originate loans in 10 of our United States of America. The reason that I am writing, is to state that I cannot understand why so many people who are unhappy with the current "market value" of their homes, find it appropriate to go online and bash the loan companies that are working for them on a contingency basis (meaning that they are only going to get paid for all of the work that they do, if and when the loan closes.) By law we do not have any influence over what the licensed, independent appraiser presents as their professional opinion of the current market value of a property, nor do we in any way, shape or form profit from the appraisal fee which is paid (as required by law) to a 3rd party appraisal management company.
    If this complainant possess information on valid comparable sales that the appraiser was unaware of when establishing the market value of the home, they should provide them to the appraiser.
    By the way if you find an attorney (who I see you have also requested "contingency fee" work from) who will talk to you, they most likely will tell you that the first thing that one should do when being threatened by a lawsuit is to say nothing... (My brother is an attorney, and I can assure you that he will not be contacting you)...
See how PeopleClaim Works
Get fast access to our Resolver community, for...
  • help with a PeopleClaim or any other complaint
  • assistance with a purchase or contract
  • expert advice
Other PeopleClaim resolvers
Want to see more? Search our directory of resolvers.
Get Free alerts when claims post in your area.
Get Alert
Cases seeking help
Pick a case. Help resolve it.
Need help resolving a dispute? Learn more.
Help resolve claims against businesses and people near you:
View more claims

Public Mediation

The shortest path from your problem to its resolution.
1
Peer to Peer

Engage the other party and use powerful tools to negotiate the best resolution.

Free
If Unresolved
2
Community Resolution

Post your case online and get help from legal professionals, industry experts, consumers & advocates competing to find the best resolution to your claim.

$14.99 + optional reward for best resolution
Full refund if not resolved to your satisfaction
If Unresolved
3
Private Mediation

Lets you mediate your case privately with the help of our professional mediators and industry experts.

Free to claimant. Mediator fees negotiable.
If Unresolved
4
Engage a Professional

Find the best community-reviewed professionals near you to resolve your issue in private online mediation or traditional court/mediation.

Resolution

A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.

I am (not) alone, and I feel the charm of existence in this spot, which was created for the bliss of souls like mine...~ Goethe

Get a public verdict — create an online trial $50 public trial / $50 reward for successful resolution
Important: All information contained herein is the opinion of the posting parties, who are solely responsible for its content. PeopleClaim offers both free and paid services to help consumers, patients, employee, tenants, and others resolve disputes without lawyers or courts, through negotiated online settlement and public disclosure of wrongdoing or unfair treatment.
Claims against parties operating under bankruptcy protection, by law must be processed solely through the appropriate US bankruptcy court. Any claims against this party currently posted on PeopleClaim are available for purposes of public business review only and are not an attempt to collect money or recover assets subject to protections under the United States Bankruptcy Code.
*IMPORTANT: PeopleClaim is a public dispute resolution system, independent of the BBB, small claims court, or other dispute resolution services. PeopleClaim is not a law firm and does not provide legal services, opinions, or advice. PeopleClaim facilitates peer-to-peer negotiation and resolution and crowdsourced input on issues of fairness to help resolve complaints. Users should contact professional legal counsel on any matters of law or regulation regarding their claims. PeopleClaim does not review or evaluate the merits of claims submitted through its site, and users are solely responsible for all content filed in their claims.
© reserved by PeopleClaim