Rose Acceptance

Don't trust them. They only care about them selves and making money. Don't care for your well being.Dont recommend.

This company gives people loans that have bad credit or no credit and will sell you a home that needs work. These house they sell need work and are cheap priced homes way below market value.

I bought a home from these guys in 2015 so 5 years it needed a basement and roofs with a few other small things it was messed up . But I am great full to own a home ,I have replaced the roof and basement 25 k it cost but over the years I have saved and fixed the home we’re know I got over 70 k in equity for my home at market value this is what I would walk away with selling it on the market. First national Bank of America has worked with me on late payments and such that no other bank would do so it was handy and convenient. If your looking for turn key homes this isn’t the company to use rose land fincail .

But if you look at your house and see the extent it is damage and have goals, drive, ambition and skills this can be fixed .... also you own the house. Also it’s your faults you didn’t look at it or can’t fix it don’t by it because they will give you a loan and don’t wanna work, to better you life or you have income and don’t pay your bills and knew you could not fix it . Here 3 pros and cons with it pay attention pros ...(.1 ) they will give you a loan (2) them home you have when fix will make you money ).

(3) they are easy to work with if you have communication with them ......cons... (1) you gotta pay your bills .... ( 2) you can’t be lazy and have to work or fix up your house ...(3) can’t be a complainer, because you didn’t pay your payments And want to bash the company because your a loser .....

also you will have a closing date Nd get a title option it cost a few hundred doller but if taxes are owed or something is wrong it will get fix by your title company. Read carefully as this is true if the cons hurt your feelings this is not the program for you.

These people are the worst!

Better look at your property prior to bidding or putting a deposit because they will not disclose defects or issues . There is no one to talk to or anyone in Managment there that you can speak to.

They are owned by a bank and there is no one there that will help.

Buyer beware!,

We got our property in 2012 with no problems,well septic already here,moved our mobile home here and have been here seven years now.

I worked for Rose Acceptance for almost 10 years. They are NOT a rip off company.

They are a company that is in the business of selling foreclosed properties and offering opportunities to customers with credit challenges. Many of the properties that they sale are in rough shape. They are foreclosed properties that have been badly used by the previous owners. However, this company also offers financing with very low down payments and closing costs.

The credit requirements for obtaining a purchase loan from them are much more relaxed than at other mortgage companies. Many of the customers to which they sale and finance properties have credit challenges. Rose Acceptance offers them an opportunity to be a home-owner for minimal cost, the opportunity to rebuild damaged credit if the customer makes their payments in a timely manner and offers a path to refinance or modify their loan at a lower rate if the payments are made in a timely manner.

The consumer purchasing the property has responsibilities, as well...to do their due diligence and inspect the property thoroughly BEFORE purchasing to see if they are up to the challenges of making the property their dream home; be realistic about whether they would have the skills, resources and work ethic to improve the property; and to make their payments in a timely manner. It can be a great opportunity if they are willing to do their part.

We were going to purchase a home from them through seller financing. In the purchase agreement we elected to have the sale contingent upon satisfactory inspections of the well and septic.

They would not let us do inspections until our loan was approved. It took several weeks for the loan to be approved. Then as soon as it was approved they want to close without us doing any inspections. After finally getting approval to go into the house we find it had been vandalized, all the plumbing and electrical in the basement had been ripped out.

It was not this way when we initially saw the house.

We immediately reported the vandalism to them and they told us if we don't close with them they will keep our good faith deposit and call the police and accuse us of destroying their property. Needless to say we will not be closing with them!!!!!

I live in New Jersey and purchased a home from them in Florida without seeing it first. They sent me pics of the inside which showed minor damages and when I asked what else was wrong with it, I was told it had a broken window and a missing toilet. Well after I saw the house, after I already bought it, I found it in a TOTALLY unliveable condition. ALL of the plumbing had been ripped out, as well as the ac unit, there is an EXTREME amount of black mold infestation in both bathrooms and the kitchen, and the source of the mold is big holes that were cut in the floor to rip out the plumbing. There are holes punched in the walls, wiring ripped out, broken, rotten floor boards, leaking roof and the list goes on and on...

They KNEW I receive SSI and they are "owner financing" this home for me at 12.5 percent interest and they KNEW that I would NEVER have the kind of money it would take to make this home habitable, for me and my 19 year old daughter, and our 3 dogs, 6 birds and 2 bunnies.

This house has been vacant and for sale for a long time. The pics they sent me were taken before the drug dealers broke in and destroyed it.

I gave up my Section 8, which I have received since 1999 to buy this house. I also used my 2 and a half years of back SSI payments for the down payment. Now I am COMPLETELY SCREWED!

They have RUINED my entire life and my daughters as well. My SSI checks are not enough to cover rent and we have to move out of our apt in New Jersey very soon, since it was being funded by Section 8. My rent is $975 and my monthly check is only a little over $700. I cant keep Section 8 because I own a home. I cant live in the home I own because its not liveable, and I will NEVER have the kind of money it will take to make it liveable.

I cant sell it because I owe WAY more on it than its worth. I owe $36,000 for a house that sold for $22,900. Thats a LOT of interest!

They also FAILED to disclose material facts to me that if I would have know, I NEVER would have purchased this property. There is a registered sex offender just 5 houses down! The entire neighborhood is all African American (I am white), but thats not the problem, I dont mind that, it is FULL of gangs and there were MULTIPLE shootings on this street and less than one block from this house. They have been killing teenagers and I have a very attractive 19 year old daughter who is a lifeguard and I would have to worry about her being kidnapped,raped and murdered. Of course they didnt tell me this, because then I wouldnt have bought the house and they were trying to unload it very BADLY!

However, the biggest FRAUD they committed was emailing me tons of different "Good Faith Estimates" . They made me sign all of them and return them. The house closed on May 20th and my mortgage is $245.63, and 12.5 percent interest. So tell me WHY I had to sign MORE GOOD FAITH ESTIMATES, which they dated as May 1st, but didnt even email them to me until AFTER the house already closed, and those estimates that I had to sign AFTER the house was already closed said my interest rate was 11 percent and my payments were like $169 a month.

When I spoke to Bill Wessels, he asked me how long I wanted the mortgage for. He said a 10 year mortgage would be $169 a month, but then when I got papers in the mail, he made it a 15 year mortgage at $243 a month. 5 more years and at a HIGHER rate? I NEVER agreed to that!

Now I am about to be homeless, all because of them. They dont care whos life they ruin, as long as they make the sale. There are other complaints about them on ripoffreport.com

They cost a woman her life savings by selling her swamp land and she thought she was buying land to build a home. They should not be allowed to ruin peoples lives like this. I plan to seek both criminal and civil action against them. I am reporting to Attorney General, Federal Trade Commission, BBB and EVERYWHERE and ANYWHERE I Can!

Please spread the word, DO NOT BUY A HOME FROM THEM!