William Raveis Real Estate

My issue is with their mortgage division. They told me that they would give me a mortgage on a property that I was going to buy. They told me that I was qualified up to $150,000. I gave them my bank statements and IRA information to get this mortgage. In December I was informed that they will not give me a mortgage. They said that this was because I made a loan to my ministry to keep them from going under and they pay me in cash monthly whatever they can. Because this can't be documented, they tuned me down. They had this information back in in August when they looked at my bank statements and they should have told me back then they they couldn't do business with me. I had to pay them $415 for an appraisal and now I can't get a mortgage. I may not be able to get the property because of this. Now I'm going to have to do another appraisal with will cost me more money. They asked me several different ways to prove what they needed to prove. What made it worse, was that often times they would ask for the same documentation I already provided. It became a part time job to deal with this. Now I don't know if the bank will give me an extension to buy this property. I want my appraisal fee refunded to me, and I'm not sure if they will do this. If the bank doesn't give me an extension is if I get a hard money loan and get a mortgage at a later date. This will cost me 10% interested and $15,000 in points. They should pay for that as well if I go that route. Its inexcusable that they keep asking for the same information.