Working with New House title on a recent foreclosure has been the worst experience in my life. Firstly they were exceedingly slow taking nearly 3 months to close on the loan. They consistently failed to process the paperwork on time and often lost or denied receiving the loan package from the underwriters. When they did finally send a closing agent, we had about 30 minutes notice! And if that wasn’t enough, they decided at the last minute to disallow my deposit money (who knows?) and now refuse to refund me (they basically stoole $1000 from me). And here’s the kicker – it turns out New House didn’t bother to process the renovation part of the mortgage (203k loan) resulting in no money for contractors and no home to move into. I still can’t live there! They have closed the file and simply refuse to process the paperwork. I cant fully do justice to just how bad this company really is. I can only imagine that they are cheap or provide some kind of perks for bank executives. But make no mistake - THESE GUYS ARE CROOKS PLAIN AND SIMPLE. Use them at your peril.
Cons: Everything they stand for
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