Public Mediation

Loss from misrepresentation by a regulated company

L. T. vs. American Mortgage
860 N. S.R. 434, Altamonte Springs, Florida, 32714, United States
Amount Involved: $20,650.00
    • 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.
    • View response from: American Mortgage
    • Claimant Seeks: View.
    • Claim #: 9159090
    • Amount Involved: 20,650.00
    • Filed On: Sep 11, 2010
    • Posted On: Sep 26, 2010
    • Complaint(s):
      • Questionable Business Practices
View less
Rate or Review on American Mort...
Become an online mediator
  • Review this case.
  • Propose your solution.
  • Win the reward (1,000)
Statement of Claim
Complaint Involved (1) - View
Claimant says:
"The representative, Danielle Bosted from American Mortgage, told our real estate agent, Denise McKinley of Town and Country Realty, that the buyer of our home was fully qualified to purchase our home. We removed the contents of the home. The day before closing they postponed the closing for 3 more weeks. Now less than 1 week before closing they inform us that the buyer is not qualified. Because of being misled by this mortgage underwriter/ broker/agent we lost the summer peak marketing time as well as the labor and truck rental to move the furniture. Now I have to rent a truck again and move the furniture back in for showing. I would like this agent and brokerage to be fined and forced to pay for my loss.
In the mean time we located another home that we would like to purchase. We will not be able to purchase at this time. Please reply with your thoughts regarding this issue or if there is another agency that you would recommend that I go to with my grievence.

Thank You
Lawrence W Thompson
lawlwtl@aol.com
"
...
Reply Have a similar problem?
What Claimant Wants Hide
1. Recovery of Losses: Truck rental x2 and utilities exense Sep 26, 2010 $650.00
2. Compensation: Labor and loss of marketing time during peak buying/selling season Sep 26, 2010 $10,000.00
3. Distress caused by this incident Sep 26, 2010 $10,000.00
Cash total : $20,650.00
  • 0
Do you agree with the claimant’s demands?  (If you are a party to this claim, click here.)
Respondent's Counteroffer Hide
The claimant's settlement terms were rejected with the following explanation:
  • I disagree with the explanation / grounds provided

    "Mr. Thompson, American Mortgage prides itself in assuring our clients the best of any mortgage products that are available to them in today's lending environment. Unfortunately due to the recent meltdown of the mortgage industry; Lenders have reserved the right to ask for additional documentation at the twelth hour upon their own discretion. This request may come after a full conditional approval. This recent change will sometimes hamper the opportunity for a borrower to obtain financing, as it did in your case.
    I can assure you that we have and will continue to assist the borrower in obtaining a bonafide loan commitment to purchase your property.

    We are in the business of assisting our clients the opportunity of homeownership. "

This claim will remain posted until resolved.

  • 0
Do you agree with the respondent’s Response?  (If you are a party to this claim, click here.)
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