Why you should not do business with AmerisaveI recently was confronted with urgent repairs to be done in a rental. I went to several banks who all told me why they could not make a loan, and all of a sudden I was pre approved by Amerisave. I had paid $35 for them to run a credit report.. Great.. Now they wanted $500 to do a appraisal, and they took the money ASAP even though they were not ready to do any such appraisal..HURRY and get your paperwork in. I had to write a statement of why I wanted a loan, provided all the documents, all was great till they got the appraisal, and found the house needed to have repairs.. WELL, YEAH! I told them this up front. In stead of coming clean and saying up front you need a 203(K) loan, or a Fannie Mae HOME RENOVATION LOAN to do this work. they told me they were not sure they could make the loan and the appraiser went out. The loan officer tried to discourage me from the appraisal but left it open ended.. and I needed help cause the health dept wanted the furnace FIXED! --10 days...Well, the loan officer came back and said they would not make the loan till the house was repaired and now I was at the end of a catch 22.. my tenants had to move, I was now out $575. AND I had no loan to help me fix up the property.I will never recommend anyone waste their money on this company.. they take the money up front and have no intention on lending.. I am not working with Wells Fargo about getting a Home Renovation Loan. All of the lenders I have talked to since have immediately come back and told me that they dont do the loan I want and made recommendations.. why did Amerisave not do the same.STAY AWAY FROM THIS COMPANY!February 05 2011 - US0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.