Patch of Land

BACKGROUND

Please describe your company and your position there.

real estate investor

OPPORTUNITY / CHALLENGE

For what projects/services did your company hire Patch of Land, and what were your goals?

provided NO service after taking my money!!

SOLUTION

How did you select this vendor and what were the deciding factors?

Patch of Land contacted me out of the blue and I had a project that needed refinancing

Describe the engagement and overall scope of work in detail, including the stages of the partnership.

BEWARE of this company first known as PATCH OF LAND now PATCH LENDING??? CHAD J. who looked after my application is a deceitful individual who I want to be flagged so NOBODY else goes thru what he has put me thru and put all the blame on me. I submit an application but eventually it come back rejected but they still proceed with an appraisal which was a waste of money – usual procedure is they do their due diligence and then the next step would be an appraisal BUT since i was declined why would they proceed to an appraisal!! A reputable firm would of reimbursed me the cost of the appraisal but not this company! – deceitful in more ways than one:

1. The appraisal charge is in PATCH OF LAND name?? WHY!! Usually the charge is noted with the actual appraisal company’s name – POL and taking the charge at an inflated price I’m sure since the actual appraisal company is not the actual charge on the credit card.
2. So there is NO loan to proceed with POL so I look for another lender.
3. CHAD J. tells me if I PAY a further $51 I can get a copy of the Appraisal report that came in at $650K and the Lenders name he could change to new lender.
4. I pay the extra to have the Appraisal report revised and release to me.
5. Upon getting the report after numerous request when I can get the revised copy Chad sends me the report to my astonishment it is NOTHING what he said it is!! Report is ONLY for 400K and Lenders name has NOT been changed
6. I question REPEATEDLY what is going on and CHAD’s only response is I gave you the report and I have nothing further to say to you:

do what you have to do and basically don’t bother me again – REALLY!!! How UNPROFESSIONAL can one person be?? Despite being in a BAD financial situation only worsened my situation due to the deceit of CHAD J. – taking advantage of a WOMAN desperately seeking a loan - ONLY care is getting money for the company he works under FALSE pretence and to show good work provided to his client which in reality is NOT the case –how can one with a good conscience treat another individual with no compassion and humanity in the hardship situation I am in –

His attitude is who cares and after repeated email for a response to “DID YOU NOT TELL ME THE ARV ON THE REPORT WAS $650k” NO response to this question and is only avoiding and dancing around having to admit he was wrong – at least if you admit you made a mistake then its NOT a lie anymore but a mistake – BUT he is NOT MAN enough to admit he made a mistake and it is costing me dearly!! But again who cares is his attitude -

I’ve done my job?? What to rip me off further with something that doesn’t help my cause and while under FALSE pretences!!! I PAID extra for a USELESS report!!! BEWARE of this company as they promise you the World ( I understand things change in the process sometimes) but to continue of a unethical path is just WRONG!! I am extremely HURT by this company’s action against me to further contribute to my financial hardship!!!!

What were the terms and the value of the lease, and what percentage did Patch of Land take in commission?

no Contract signed

How many resources from the vendor's team worked with you, and what were their positions?

Chad Johnstone

RESULTS & FEEDBACK

Can you share any measurable outcomes of the engagement or general feedback about the services?

see above explanation

Describe their project management style, including communication tools and timeliness.

fraudulent company who seems to just take your money under false pretences like all their other reviews

What did you find most impressive or unique about this company?

nothing

Are there any areas for improvement or something they could have done differently?

YES< STOP LYING TO GET FEES PAID UPFRONT!!!