True South Mortgage

I had the worst experience dealing with these people - both people I had regular contact with were very unprofessional. They reeled me in with promises to pay fees and lower overall closing costs, but I definitely paid for that in time and effort trying to get the loan squared away. The ""Senior Mortgage Consultant"" was very rude, unhelpful, and seemed inexperienced, despite her title. She would rush me to get certain items to her but then completely ignore any emails I sent or phone calls I made. In the end, I switched to a different lender and had no issues whatsoever pushing the loan through. Bottom line: Don't waste your time with True South. more

In short is in the practice of accepting inflated or better put fradulent property appraisals. Refused to let us see the appraisal prior to closing. Obviously they want you to look it while you're having paper after paper put in front of you to sign. Apparently so one can't examine the appraisal closely. Of which many mistakes where made. Including but notwithstanding adding 300 sq. ft. to the actual square footage and adding a bath in the upstairs I've yet to find. Basically look at the comparibles, listen to your gut not your real estate agent. They're trained to make the deal at all cost and remember they're being paid by the seller. If you're stressed because you've been looking for a home for 6 months to no avail and one happens to pop on the market but the comps are telling you it's over priced. Never ever go into a contract stating that ""the house has to appraise for said amount"" because they WILL make it appraise for that amount, buyer be damned. In the end you have basically two options. Take them to court spending 15k on top of the amount you've already overpaid for your home ( lets not even get into the interest) just to get the difference back, that is if they won't settle. Not to mention the two years you'll spend persuing this. Or two, drop it and suffer the consequences if the real estate market falls flat. Never mind the years you'll probably have to stay in the house just to overcome the inflated mortgage value. My advice is walk away from Diversified Lending as fast as you can. Pros: can't think of any Cons: commits fraud more