Don't Trust Starbanco Business Finance!!
Beware of Starbanco!!!!! We received a letter which said we have an existing loan through Bank Of America and they offered to convert that loan, which was maturing, into a conventional commercial mortgage. We have no loan on the property shown on our title as per the county records. I had to take the time to check our records to see if any fraud had been committed by someone taking recording a loan against our property. Basically, the letter we received from Starbanco was a lie!! I called their phone number on the letter and no one was available. Also, their website was "under maintenance". Beware!!!!
Reply from starbanco.com
Charles, the information contained within the letter you received was based upon public information obtained from sources such as your local recorder of deeds. While you may not currently have a mortgage on your property, the information does indicated there may have been one in the past. Unfortunately, upon review of our inbound call information we did not find a message from you. We certainly would have welcomed the opportunity to speak with you directly to provide you with additional information prior to receiving such a negative review.