Consumer complaint received 2025-02-15 00:00:00
Product: Mortgage — Conventional home mortgage
Issue: Applying for a mortgage or refinancing an existing mortgage — Delays in the application process
Company: Core Capital Lending LLC
State: CA

Complaint narrative:
I am writing to file a formal complaint against XXXX XXXX, Core Capital Lending, and XXXX XXXX XXXX XXXX for fraud, money embezzlement, and deceptive business practices, which have resulted in severe financial hardship and emotional distress for me. 

On XX/XX/year>, I wired {$93000.00} to Core Capital Lending as part of the down-payment for a mortgage loan related to the property located at XXXXXXXX XXXX XXXXXXXX XXXX XXXX XXXX, NC XXXX XXXX On XX/XX/year>, I wired an additional {$18000.00} to Core Capital Lending, and on XX/XX/year>, I wired another {$9800.00} to XXXX XXXX XXXX XXXX, bringing the total wired funds to {$120000.00}. 

After submitting these payments, I was informed by XXXX XXXX, the lender, that the mortgage loan did not go through and that the transaction was canceled. XXXX XXXX assured me that the funds would be returned within three business days. Despite multiple attempts on my part to contact XXXX XXXX and repeated demands for the return of my money, he has failed to honor his commitment and refused to communicate further. 

As of this complaint, the total amount of {$120000.00} has still not been returned to me, and XXXX XXXX and his companies have demonstrated blatant disregard for my requests, causing severe financial hardship. The impact has been far-reaching, both financially and emotionally. I am currently facing significant distress due to this unresolved situation, including daily panic attacks and anxiety, as I am unable to regain access to my hard-earned money. 

It is clear that XXXX XXXX and his companies have engaged in deceptive practices and have failed to uphold their obligations to clients, despite having received large sums of money under the pretense of securing a mortgage loan. The lack of response and action from Core Capital Lending and XXXX XXXX XXXX XXXX has created an atmosphere of mistrust, and their actions are tantamount to fraud and money embezzlement. 

In light of these circumstances, I respectfully request the Federal Trade Commission to take the following actions : XXXX. Investigate the fraudulent activities of XXXX XXXX and his companies, Core Capital Lending and XXXX XXXX XXXX Co. 
XXXX. Cancel the business licenses of Core Capital Lending and XXXX XXXX XXXX XXXX for engaging in deceptive and fraudulent business practices. 
XXXX. Launch a criminal investigation into XXXX XXXX and his companies for fraud, embezzlement, and deceptive business practices. 

The financial and emotional damage caused by this situation is immeasurable. I seek justice for myself and any other individuals who may be impacted by these companies ' illegal and unethical actions. Thank you for your attention to this serious matter. I look forward to your prompt investigation and action. 

Sincerely, XXXX XXXX Phone : XXXX Email : XXXX Lender 's Name : XXXX XXXX XXXX XXXX : XXXX & XXXX Email Address : XXXX XXXX Address of Core Capital Lending : XXXX XXXX XXXX, XXXX XXXX, XXXX, PA XXXX XXXX Address of Core Capital Lending : XXXX XXXX XXXX, XXXX XXXX, XXXX, PA XXXX XXXX Address of Core Capital Lending : XXXX XXXX XXXX XXXX, XXXX XXXX, NY XXXX Website Address of Core Capital Lending : www.corelendinggroup.com Address of XXXX XXXX XXXX XXXX : XXXX XXXX XXXX, XXXX, PA XXXX

Company response to consumer: Untimely response