I waited several weeks to post a review. We did e...
I waited several weeks to post a review. We did everything Flatiron asked. We wired them $2200, formed a new corporate entity, 800+ credit score, sent proof of over $200k in the bank. We offered cash and a 15 day close as directed by Flatiron. We then had to extend to 30 days. Flatiron waited until the day before the 30-day closing and changed the terms asking for double the down payment. I continually asked for an explanation on how they were evaluating the appraisals to fund this deal because they required multiple appraisals in an attempt to hit some unknown value that was never explained. We damaged local real estate relationships because we trusted the process with Flatiron. In the end, I am left feeling like this entire process is a scam to collect the upfront fees. Go somewhere else that has a proven track record in your area. They are not a true private lender and are looking to sell the loan asap. Hitting BBB next. Read the good reviews and those people's other reviews. Many look like they were purchased rather than legitimate reviews based on personal experience.
