Spiros Cheng-Lexington MortgageFraud

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a verified customer
Verified customer

Spiros cheng and his friendly, but deceptive staff committed loan fraud by changing the personal and financial information on the 1003 application i submitted. In addition, after paying himself well on a option arm, he stole my commissions earned through points and rebate. My Cheng promised reconciliation for months and referred me to his attorney...he kept insisting on a new broker agreement whereas he fact was really stalling because he knew Lexington was in imminent danger of becoming insolvent. After a few months of stalling, Lexington Mortgage did abruptly close it's doors and discontinued all email and phone service. Mr. Cheng is most likely waiting in the shadows for the market to recover so he can start his dishonest and fraudulent loan practices again. Be advised...you cannot trust this man or and business he has infected.


  • An
    angry56151 Mar 01, 2013
    This comment was posted by
    a verified customer
    Verified customer

    This scam artist has opened a loan modification company that was ripping people. Tried to find loop holes in charging an upfront fee. Never got anything done for people saying the service was guaranteed or your money back. Never did refunds. Also changed the company name several times. He has been Lexington Mortgage, lmc financial services, lmc financial solutions, bear stone properties. This guy has no integrity and is a scam artist that will steal your money. He doesn't even give his real name to clienta because he is scared of being reported. He goes by Steve Jensen.

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