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CB Mortgage Companies Review of Terra Finance
Terra Finance

Terra Finance review: Non-Disclosure of Loan Terms 2

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5:03 pm EST
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Brian Nels Peterson and his other crooks scammed hundreds or thousands of people in loans by selling sub-prime loans and not disclosing the key points of the mortgage terms.

In May 2005:
He failed to disclose to me that I didn't qualify for a 30yr loan.
He failed to disclose prepayment penalties for early re-fi.
He failed to disclose the loan was a 40yr, interest only, negative amortization style mortgage.
He fudged the numbers to make it look like my income/assets were greater than I actually had.

But Brian and his stealing thieves at the newly renamed Terra Finance in Eastlake area of Chula Vista, CA packed up shop once all the notes started to go bad. Many people lost everything and he was nowhere to be seen. He made his $11k off of me and many others.

Karma will come back and get you Mr. Peterson...
If not by me, someone else...

Resolved

The complaint has been investigated and resolved to the customer’s satisfaction.

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staljole
Chula Vista, US
Mar 04, 2010 5:04 pm EST
Verified customer This complaint was posted by a verified customer. Learn more

This complaint sounds almost exactly what I went through in June 2005. I want to know if there are other people out there who have gone through the same experience. I am currently working on a case when the company's name was world wide money center.

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TriGirl
Los Angeles, US
Jun 28, 2010 6:49 pm EDT

I was just googling this guy because he did the same thing to me in September 2006. He is truly a slime bucket and I hope he gets whats coming to him.