HouseMax Funding – A Manipulative and Vindictive Company Review 2024
If you’re looking for hand money lenders in Austin, Texas then you’ve probably come across HouseMax Funding. More so, maybe you’ve received multiple calls from someone representing this company.
Turns out, you’re not alone.
HouseMax Funding takes private data from various sources and even finds phone numbers that are related to real estate properties in any way. For example, one reviewer received a call from them because the company thought they were the owner of their parent’s home. Note that the reviewer had moved out of their parent’s home many years ago.
In any case, HouseMax Funding is not to be trusted and here’s why:
About HouseMax Funding: What They Want You To See
HouseMax Funding is a mortgage lending company located in Austin, Texas. Their address is 901 S MoPac Expy Ste 125 Bldg 4, Austin, TX 78746, US. The contact number of this company is 512-883-2544 and the opening hours are 8 AM to 6 PM on weekdays, 10 AM to 6 PM on Saturdays, and 12 PM to 5 PM on Sundays.
What Exactly Is Mortgage Fraud?
When people knowingly give inaccurate or misleading information to obtain a mortgage loan, this includes both borrowers and mortgage lenders. The goal of this dishonest behavior is to sway the judgment of mortgage testers or lenders, who depend on correct details to approve, fund, buy, or insure financing for mortgages. Mortgage crime can take many different forms and involves dishonest behavior that can have major repercussions on the real estate and finance industries.
HouseMax Funding is a hard money lender that claims to offer rapid approvals on applications. They claim to be real estate experts who have sold residential property worth hundreds of millions.
But according to the various HouseMax Funding reviews, this company doesn’t actually know how to function in this industry.
Jeff Fletcher: The Shady CEO Of HouseMax Funding
Jeff Fletcher is the CEO of HouseMax Funding. He co-founded this company with Alex Morris in 2017 and has been running it since and claims that his company has helped hundreds of borrowers in achieving their real estate dreams.
HouseMax is quite a recent venture and before this Jeff was associated with Aslan Realty Group. While working with that firm, he gained notoriety for not communicating effectively with clients and misleading them into trusting them.
I found a detailed complaint on Jeff Fletcher that says it was impossible to know which company he represented. Moreover, when the reviewer enquired about it, he decided to stone wall them instead of addressing their concerns.
That’s not all. There are a plethora of complaints against HouseMax Funding and Jeff Fletcher. In the following points, I’ll shed a bit more light on how this company treats its clients:
HouseMax Funding Used Predatory Practices to Rip Off a 77-Year Old Veteran
HosueMax went under contract with the reviewer’s grandfather for their house with the offer of $210,000. It was $40,000 below the fair market value but the reviewer agreed.
When the reviewer agreed, the lender added in the contract the ability to change anything whenever they want and lowered the price more.
The initial contract had an agreement to honor the lease of the current tenants. But the Austin-based lender refused to honor the agreement and started suing the tenants for breach of contract.
The reviewer shares that their grandfather is a 77-year old veteran who wants to sell his house to benefit his family.
But the lender is lowballing them and is lowering the price, acting in a predatory way against someone who fought for the country.
The reviewer says that the company pulled every stop to maximize their profits and rip them off. Moreover, this company starts blacklisting a realtor named Daniel Cooper simply because he told the reviewer what they were going to do with the property.
Also, the reviewer adds that this company’s agent never shared his full name with them, a huge red flag. They add that no one should sign a contract with these scammers.
Company Agreed on a Contract and Backed Out a Few Weeks Later for a Random Reason
The reviewer had met with Jason, a representative of HouseMax Funding, at one of their properties that needed help. He settled on a fair price with them and signed the necessary papers.
On the day of closing, he called them and said that they needed to negotiate the lower payment because of the roof. The reviewer pointed out that it had been eight days since they signed the agreement and they have a contract. But the company refused to close and blew them off.
Later, the reviewer hired an independent inspector who found nothing wrong with the property’s roof.
HouseMax Funding Lies in its Ads and Websites, They Don’t Cover Closing Costs!
Nikki says that HouseMax Funding doesn’t even deserve a 1-star rating. She points out that the company lies on its website and advertisements. Nikki and her husband had inherited a house from the husband’s parents and they were looking for offers for the place.
So, they contacted Jason at HouseMax. She had informed him that she was also talking to another company for the house. He asked her that if he came out before the other company would she sign his offer right away.
Nikki shares that she wasn’t looking for the same offer but a better one. Then Jason gave her a slightly better offer but added that it was only available if she agreed on the spot. She shares that she needed to discuss this with her husband so he told her to go in her vehicle and have a phone call with him.
When she added that she had to meet her husband for lunch, he said that the offer stands only for an hour.
She discussed the offer with her husband and an hour later Jason from HouseMax called them.
Her husband asked Jason who would pay the closing costs and Nikki says that it seemed like a dumb question to her because HouseMax Funding clearly says in its ads and website that they cover the closing costs.
However, Jason said that they don’t pay any closing costs. He recommended them to sleep on the offer and told Nikki that he would send a contract the next morning at 9 AM.
Then, he called her again 15 minutes later and told her that the offer was only good until 7 PM. When Nikki got home, she took screenshots from the website of HouseMax Funding which said they cover the closing costs and sent them to him. The lender also says on its website that all offers are valid for 30 days and there’s no pressure. So, she sent the screenshots of the same.
All of a sudden, he stopped responding. Nikki says that they are falsely advertising their services and are lying to people on their website.
More HouseMax Reviews You Must Find Out:
HouseMax Funding Review: Conclusion
HouseMax Funding is a shady lender that harasses consumers through unsolicited calls. They scam people by taking their closing fee and leaving the contract. The company has a reputation for avoiding and ignoring their customers.
Jeff Fletcher also has a shady past which makes it more difficult to trust this firm. If I were you, I would look for a lender that has a stellar reputation and that doesn’t mistreat its clients.
Oh I’m not confused. I’m talking about HouseMax Funding when I tell you that they inflate bills, delay providing loan pay offs to charge additional interest- stating the onus was on the borrower to request pay off when the loan maturity is due. that’s Crap. What lender waits for a borrower to ask what they owe when the loan is due? None. Unless you’re trying to scam additional money on what is already a high interest loan that was only meant to be for a year. The guy that was preparing my pay off left the company and so no one did it. Then when i ask the day before the due date- when am i going to get a total to pay- they say ‘well we’ll order that for you now.’ They didn’t have it ready for loan maturity. It took 2 weeks to get a figure out of them, but i still don’t have a borrowers statement to sign, and you wanna bet they charged me interest for all the days after the due date it wasn’t paid even though i had full funds ready and had requested of their old employee back in September that a pay off number be ordered 2 wks prior to my loan maturity date.
Total scam. Do not be lulled in by the charm of the salesman. He’ll make it sound so easy and lovely – but once you’re in it – even though you were on time with every payment – they will nickel and dime you and scam you for any additional funds they can. Believe it.
I will never understand people that will post a review after never using a service or incompetent wanna-be investors that don’t understand how a RE transaction works. Housemax funding doesn’t buy houses but it is laughable to see people upset about someone cold-calling them with a solution to a potential RE problem.
Looks like they have Housemax Funding mixed up with a different company. I have had nothing but amazing experiences with HMF and know that they don’t buy or sell properties, they fund them. A shame that whomever owns this site tries to make a buck off of false information.
Oh my I didn’t know HouseMax Funding was this bad. Thanks for posting.
Looks like this reviews for a different company, Housemax Funding doesn’t buy or sell houses and certainly don’t cold call. It appears this website is both misleading, falsifying and accepting reviews from people who are fabricating stories. We have used Housemax Funding for dozens of loans, they are quick, easy and professional.
This appears to be a different company. I borrowed hard money for a flip and they couldn’t have been more professional. Don’t think they buy houses, just lend money to buyers.
Hi Mary,
I am Jeff Fechter and you have the wrong company. As the review reads, we are an Austin based lender. We do not buy and sell houses. We certainly do not buy and sell houses in the mid-west. There is another company with the same name that operates in that market and they do buy houses. We have no relation or affiliation with them whatsoever.
I am shocked by this review and I would be very upset too, but this is not Housemax Funding. Moreover, the people named in this review do not work for us and we have never had employees with these names.
My request is that you remove my name and Housemax Funding from this review and go after the correct party.
We have over 50 great people that work for our company and this misdirected review hurts them and their ability to feed their families.
If you would like to chat about this my cell is 512-351-0802.
I visited the website of Housemax funding and they are outright lying there! Isn’t there any regulatory authority that can look into this? It must be illegal to lie to consumers especially when you’re a hard money lender. If the lending industry has these kinds of scummy service providers then it’s no wonder our country is going downhill. Jeff should be ashamed of running such a terrible company. I know times are difficult but that doesn’t mean he should start lying to clients in order to get their business.