This company have made claims to especially help those with below average credit scores finance a home. But what they really are is a SUB PRIME lender with unscrupulous morals.

When I was finally at the point of paying off my entire loan, they refused to send me a payment breakdown and held on to my final payment for four months. During that time they resold my mortgage to a family trust and claimed that this family trust was the original investor. This family trust was never mentioned on my loan papers. Only recently did a lawyer representing this family trust file papers acknowledging that this trust was the new mortgagee.

Sub 500 Mortgage never disclosed this information in writing to me which they should have. Also the final payment that was made to them was transferable, which they held on to. Sub 500 Mortgage returned my final payment after this family trust (so called new mortgagee) decided to move forward with foreclosure.

I have since retained an attorney and fighting this fraudulent act. We shall soon see what the outcome will be.

Sub 500 Mortgage is now Manaco Financial also a sub-company of Financial Investors Inc. based in Hawaii. Anyone checking in to these companies should check with their Better Business Bureaus and with The Department of Commerce and Consumer Affairs. These companies are in bad standing.