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.
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.
Jeff Fletcher runs HouseMax Funding and uses this firm to steal funds from people. Numerous reviews say that this company is a scam. Beware of this firm.
- Too many complaints
- Harass clients
- Add shady clauses to their contracts