Western Federal Financial Corp. ratings, reviews and complaints - Escrow Services

Complaints and Resolutions

Complaint Experience

N/A

Complaint Resolution Index (CRI)

Complaint Resolution Index (CRI) Explained The Complaint Resolution Index (CRI) is an indicator on how responsive a company is in addressing and resolving customer complaints brought to their attention by BCA. If they are considering doing business with the company, consumers can use this indicator to forecast the likelihood of having their issues addressed if a problem arises. CRI measures the company's customer satisfaction abilities through BCA’s complaint mediation process.

A variety of factors are considered when calculating CRI. This includes how quickly a company responds to complaints, the number of complaints against a company, whether the company addressed complaint allegations, and the outcome of the complaints. CRI is just a subset of the overall rating for the company. Consumers are encouraged to take into consideration the company's CRI, their overall BCA letter rating and other relevant information about the company so they can make a well-informed purchasing decision.

BCA's Summary and Analysis:

Our complaint services are free and our team of expert mediators will assist in resolving complaints with businesses.

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Complaint Closing Statistics

0 complaints against Western Federal Financial Corp. closed in last 3 years.

Complaints	Type of response
0	Making a full refund, as the consumer requested
0	Making a partial refund
0	Agreed to make an adjustment
0	Refusing to make an adjustment
0	Refuse to adjust, relying on terms of agreement
0	Unanswered

Other Information

Company Info

This company's business is real estate investments and offers assistance in buying and selling real estate.

Primary Contact:	Glenn Ford (CEO)
Business Started:	3/1/1992
Social:

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Licensing

We know of no licensing or registration requirement for companies engaged in this company's stated type of business.

Government Actions

BCA has no information regarding government actions at this time.

Comments and Analysis

In January 1995, the IRS issued a press release stating that transfers of property to companies like this will be regarded as a sham and will not be recognized as a bona fide sale for tax purposes. In other words, if income tax comes due as a result of foreclosure or other transfer of property, conveyance of the title to companies like this will not avoid that liability. In addition, most mortgage companies require that you obtain their permission before assigning the note to a third party. Failure to comply with that requirement means that the mortgage company will report any non-payments and cancellation of debt to the IRS and the credit reporting agency under the name of the person who originally took out the loan. Also, lenders report payment histories and forclosures on the credit report of the person who originally took out the loan, not the person or company or holds title to the property. Also, most lenders will not negotiate a short sale with anyone other than the original borrower and only then if they hold title to the property.

Other Considerations

We know of no other matter or practice relating to this company that may assist you in your consideration of this company.

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Additional Info

DBAs:
There are no additional DBAs.

Websites:
There are no additional web sites.

Contacts:

Barry Jones (Contact)

Reputation Report

Western Federal Financial Corp.

Complaints and Resolutions

Other Information