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report scam| Country | United States |
| State | New York |
| City | New York |
| Address | 55 E. 59th Street, 4th Floor |
| Phone | 877-828-9569 |
| Website | http://www.intercontinentalcapitalgroup.com/ |
InterContinental Capital Group Reviews
We wanted to refinance our home to a lower rate and a lower mortgage payment. We began the process with ICG. Initially everything seemed okay. They asked for the typical paperwork. The only unusual things were that the account was passed along to several different people in the company. We kept getting emails to notify us that our account had been passed along to a different agent.
Also, we told them we were comfortable e-signing the documents. As we went through the documents e-signing them we noticed the last page had several check-boxes that were not checked. Things like, "This 'is' or 'is not' a variable rate loan" and "There 'is' or 'is not' a prepayment penalty associated with this loan." I notified our agent-at-the-time that the page was blank.
She said we should go ahead and sign it and she'd check the appropriate boxes after it was signed. Uhh, no. Don't think so. She offered to FedEx the packet. We completed it and sent it back FedEx. We got a call that the appraisal was scheduled and we'd need to pay the appraiser out of pocket. We paid for the appraiser online and then did not hear a thing from ICG for a long time.
Just about the time we were going to call or email the company, they emailed to notify us that the whole team that was working on our application was no longer with the company!!! A couple of days later we got a call from the guy we'd spoken with initially. He said he was no longer with ICG but was going willing to go ahead with the refinance - we would just need to fill out all new application paperwork.
We were wary of the whole situation at this point, we're already out $400 for the appraisal-that-was-for-nothing and were wondering who the heck we were involved with. Two days ago I get a call that they cannot do the refinance after all!!! I asked why and the guy just kept saying he wasn't able to. I said, "So we just flushed $400 on an appraisal?" He said, "Yeah, I'm not going to lie to you." I asked again if he was able to articulate a reason why it could not be done.
He said our 10 acre property was zoned agricultural (it's not!) and that I did not tell him during our initial conversation that we had a ten acre property with an old barn on it but I had!!! Why the heck would I lie about that??? I feel so foolish for having gotten involved with this company in the first place. A simple Google search would have revealed what scum they are before we lost our $400. I'm wondering what sort of a scam they're running. I plan to contact our state's attorney general's office. DO YOURSELF A FAVOR AND STAY AWAY FROM THIS COMPANY!!!
Intercontinental Capital Group Don't get Tricked and Trapped by ICG New York New York
Intercontintal Capital Group is a company that prides itself on deception. The marketing is a mailer that reads "Economic Stimulas Act". People think they are opening a letter from the goverment and call in to an 800 number and quickly find out that they are calling a mortgage company. Originators are prepared with a pitch to read to the borrowers right out of the boiler room handbook. It's all about pressure sales, finding the person who maybe has a need and exploiting it by charging as much as they can.
It's the Ameriquest "Trick and Trap" model. The rates are higher, the closing are higher and the service is quick because the company wants you to the closing table as quickly as possible so you don't have time to shop or think about the transaction you are about to do.
We wanted to refinance our home to a lower rate and a lower mortgage payment. We began the process with ICG. Initially everything seemed okay. They asked for the typical paperwork. The only unusual things were that the account was passed along to several different people in the company. We kept getting emails to notify us that our account had been passed along to a different agent.
Also, we told them we were comfortable e-signing the documents. As we went through the documents e-signing them we noticed the last page had several check-boxes that were not checked. Things like, "This 'is' or 'is not' a variable rate loan" and "There 'is' or 'is not' a prepayment penalty associated with this loan." I notified our agent-at-the-time that the page was blank.
She said we should go ahead and sign it and she'd check the appropriate boxes after it was signed. Uhh, no. Don't think so. She offered to FedEx the packet. We completed it and sent it back FedEx. We got a call that the appraisal was scheduled and we'd need to pay the appraiser out of pocket. We paid for the appraiser online and then did not hear a thing from ICG for a long time.
Just about the time we were going to call or email the company, they emailed to notify us that the whole team that was working on our application was no longer with the company!!! A couple of days later we got a call from the guy we'd spoken with initially. He said he was no longer with ICG but was going willing to go ahead with the refinance - we would just need to fill out all new application paperwork.
We were wary of the whole situation at this point, we're already out $400 for the appraisal-that-was-for-nothing and were wondering who the heck we were involved with. Two days ago I get a call that they cannot do the refinance after all!!! I asked why and the guy just kept saying he wasn't able to. I said, "So we just flushed $400 on an appraisal?" He said, "Yeah, I'm not going to lie to you." I asked again if he was able to articulate a reason why it could not be done.
He said our 10 acre property was zoned agricultural (it's not!) and that I did not tell him during our initial conversation that we had a ten acre property with an old barn on it but I had!!! Why the heck would I lie about that??? I feel so foolish for having gotten involved with this company in the first place. A simple Google search would have revealed what scum they are before we lost our $400. I'm wondering what sort of a scam they're running. I plan to contact our state's attorney general's office. DO YOURSELF A FAVOR AND STAY AWAY FROM THIS COMPANY!!!
Intercontintal Capital Group is a company that prides itself on deception. The marketing is a mailer that reads "Economic Stimulas Act". People think they are opening a letter from the goverment and call in to an 800 number and quickly find out that they are calling a mortgage company. Originators are prepared with a pitch to read to the borrowers right out of the boiler room handbook. It's all about pressure sales, finding the person who maybe has a need and exploiting it by charging as much as they can.
It's the Ameriquest "Trick and Trap" model. The rates are higher, the closing are higher and the service is quick because the company wants you to the closing table as quickly as possible so you don't have time to shop or think about the transaction you are about to do.
The company holds off on sending out disclosures as long as poosible becuase they want the borrower to pay for the $400 to $500 appraisal and get the neccessary documents together. Why aren't they upfront with the borrower? SImple reason, they are looking to rip them off.
If you are a solid borrower, call your current lender and don't get suckered in to a sales pitch. You will feel violated if you do a mortgage with this company.
ICG’s President is the gentlemen who runs this organization and he will do anything to anybody if he can make a dollar from it. This company should be investigated by the goverment for their business pratices and they should have their licences pulled by the states they do business in.
Good faith was provided with extremely low estimates (i.e. $300 escrow, $100 taxes) and was missing key items including the origination fee. This was used to convince me they had the best deal (4.75%, 20 year loan, with $3500 total closing cost on a $115,000 loan) and to end all conversations with my other lenders. Told me to get an appraisal (before the paperwork came in the mail) to seal in the rate (I didnt know any betterdo now!) ICG didnt respond to calls or emails for a day and a half GFE was prepared 10/17/09, GFE sent to me via email on 10/19/09, W2s/bank statements/paystubs/etc. were sent to ICG at 8:00am on the morning of 10/22/09, appraisal done on 10/22/09, her paperwork for the 4.75 loan came through the mail on 10/24/09 (which breaks laws I was told). ICG knew the appraisal was done and didnt lock in the rates, but waited until the next week. On 10/26/09 didnt respond to calls or emails. On 10/27/09 was informed rates had risen and 5.0% was now her best unless I put money down. Same day got an email saying she would lock in at 4.875 if I put 3000 down and all she needed was my ok. Sent her an ok. No response. Her boss called that night saying she would be out the next day on personal leave and told me that the lowest he could get was 5.0% and raised the closing costs to 6700 dollars! On top of that he stated she had only been there 60 days and wasnt responding a lot the last week because she was out on personal leave. Whether or not this is true, I want them to pay for the appraisal and keep the paperwork (which they still havent provided). Im not going to refinance with them for sure! Oh, the loan officer that was always out on leave, that had only worked there 60 days, was titled senior loan officer on her email attachments! Horrible customer service. Horrible open and honest communication. Extremely huge lack of experience. No trust. Bad practices.
Intercontinental Capital Group ICG, Economic stimulus center, Mortgage Relief Center I didn't believe in the devil until I came across this company!!!! Please stay away from them. Manhattan, New York
Do not even check an email from this company or you will be sorry!!! They claim to be a one stop shop, repairing credit, loan mods, refinancing, real estate brokering, bankruptcy attys, etc. (all in house). Your great grand children will be paying for their service fees. Yes, that's how expensive their sevices are...oh, and your figures will keep changing. And at closing don't be shocked if your interest rate went from 5% to 14%. Please stay far away from them. Don't let those silver tongued salesmen and saleswomen trick you into pandora's box. STAY AWAY!!!! even the President and owner Jason Movado talks to you on the phone and sells to you (isn't that wierd?).
Intercontinental Capital Group Internet Mortgage Company Is ICG a Scam? New York, New York
We wanted to refinance our home to a lower rate and a lower mortgage payment. We began the process with ICG. Initially everything seemed okay. They asked for the typical paperwork. The only unusual things were that the account was passed along to several different people in the company. We kept getting emails to notify us that our account had been passed along to a different agent.
Also, we told them we were comfortable e-signing the documents. As we went through the documents e-signing them we noticed the last page had several check-boxes that were not checked. Things like, "This 'is' or 'is not' a variable rate loan" and "There 'is' or 'is not' a prepayment penalty associated with this loan." I notified our agent-at-the-time that the page was blank.
She said we should go ahead and sign it and she'd check the appropriate boxes after it was signed. Uhh, no. Don't think so. She offered to FedEx the packet. We completed it and sent it back FedEx. We got a call that the appraisal was scheduled and we'd need to pay the appraiser out of pocket. We paid for the appraiser online and then did not hear a thing from ICG for a long time.
Just about the time we were going to call or email the company, they emailed to notify us that the whole team that was working on our application was no longer with the company!!! A couple of days later we got a call from the guy we'd spoken with initially. He said he was no longer with ICG but was going willing to go ahead with the refinance - we would just need to fill out all new application paperwork.
We were wary of the whole situation at this point, we're already out $400 for the appraisal-that-was-for-nothing and were wondering who the heck we were involved with. Two days ago I get a call that they cannot do the refinance after all!!! I asked why and the guy just kept saying he wasn't able to. I said, "So we just flushed $400 on an appraisal?" He said, "Yeah, I'm not going to lie to you." I asked again if he was able to articulate a reason why it could not be done.
He said our 10 acre property was zoned agricultural (it's not!) and that I did not tell him during our initial conversation that we had a ten acre property with an old barn on it but I had!!! Why the heck would I lie about that??? I feel so foolish for having gotten involved with this company in the first place. A simple Google search would have revealed what scum they are before we lost our $400. I'm wondering what sort of a scam they're running. I plan to contact our state's attorney general's office. DO YOURSELF A FAVOR AND STAY AWAY FROM THIS COMPANY!!!