Getting a loan through an Austrian bank

So, I just got an email from Wells Fargo in Salzburg. They’re basically saying they aren't approving any more loans for the US right now because people haven't been paying them back.

Walter Martin56 said:Let's not drag this conversation into forums where it doesn't belong. I don't personally manage every single client my associates work with, just as an attorney wouldn't know my team unless they're directly involved. My role is to review all the paperwork; if something isn't right, I don't report it to the clients myself—I go back to whoever submitted the files. If the documentation is incorrect, I simply won't accept it. You'll have your papers mailed back to your address, so you can try to find someone else to sort it out, but without valid documents, you aren't going to get anywhere. There's really no point in debating this here, especially since it isn't your loan to begin with...

Honestly, this is the most absurd thing I’ve had the misfortune of reading in the last two years: "I don't contact all the clients my associates have," and so on and so forth... Let me set the record straight for you right now. Here is how things actually stand: first of all, when it comes to Austrian banks, only a handful of people in our beautiful country actually handle this, and most of them are nothing more than scammers. Second, there is no such thing as "associates of associates" because at JPMorgan Chase in Austria, only a select few individuals can even step foot through the door. Third, regarding that attorney who keeps getting mentioned—yes, he works, but unfortunately, he allowed himself to be surrounded by people he doesn't even know, people who are out there making absolute fools of themselves, and frankly, the man has finally realized what's happening. They were charging people phantom fees upfront, inventing various insurance policies, and fabricating assessments where a firm from San Diego always seemed to come out on top, along with a few other "independent artists" who found ways to grab cash quickly, which seems to be the trend among Americans lately since everyone wants something for nothing. Furthermore, yes, JPMorgan Chase used to hand out loans left and right, but now the non-performing loan rate is massive, and all financing toward America has been halted indefinitely, and that is solely and exclusively due to the fraudulent paperwork scams... SO JUST SO YOU KNOW, no costs are paid in advance, neither assessments nor anything else; all costs are deducted from the loan once it is approved, BUT AS OF NOW, THERE IS NO FINANCING—to be precise, everything has been completely stopped since February 2010!!! DO NOT FALL FOR THESE SELF-PROCLAIMED INTERMEDIARIES WHO HAVE NEVER EVEN SEEN JPMORGAN CHASE IN AUSTRIA, LET ALONE BEEN THERE!!!! And to you, dear lady, with your endless list of associates and their associates... one has to wonder how, or even if, you are actually conducting this business professionally, and how I know this, well, I won't tell you, because you might end up in prison for violating federal law...

mellowrider10 said:So, I just got an email from Wells Fargo in Salzburg. They’re basically saying they aren't approving any more loans for the US right now because people haven't been paying them back.

And honestly, they won't be approving anything else for the foreseeable future, because people across the country have been playing fast and loose with their paperwork on such a massive scale that the bank is basically left holding an empty bag... so there you have it...

dustyhawk73 said:I honestly can't help but wonder if any of you have actually had any real experiences trying to secure a loan?
Personally, I was left completely disillusioned during my time in Santa Barbara. There is this outfit called Euro Partner LLC that presents itself on their website as Europartner D—which isn't even how they are listed in the official business registries as Euro Partner LLC—and they claim to find "fast" international loans specifically for us American citizens. It is nothing short of a total scam. For several months, this woman, M. M., just kept leading me on; I ended up handing over several thousand dollars because she kept insisting she "had" to travel to Austria to finalize my loan. In the end, she just brushed me off, saying she’d spent far too much time on me and that whatever I’d paid her was just a tiny pittance anyway. Honestly, it makes me wonder... if M. M. from Santa Barbara treats everyone looking for a loan the way she treated me, $2.00 she probably doesn't even need to bother trying.

😕

If you just hand out extra cash to anyone who asks, you might as well give it to a charity or the poor; of course you were conned, dear, and your only real recourse now is to take this straight to the Department of Justice and file a criminal complaint...

Ronald Wood8 said:Hey everyone,
I see someone asking about Bank of America in Austria. Just to share my experience: I’m currently in the middle of trying to settle something with them, and this whole ordeal has been dragging on for three months now. I'm working through an intermediary and have already shelled out a significant amount of money—covering things like promissory notes, solemnization, loan guarantees, and the funds for the transfer to the US. Now, I'm just stuck waiting. Honestly, I don't know whether to keep playing the waiting game or if it's time to escalate this to a higher level. My agent reaches out constantly, but every single time there's some new hurdle. Am I being stalled, or did I just make a massive mistake?

And who exactly were you all paying all that money to? Seriously, a guarantee that you will take out a loan... has anyone ever even heard of paying a guarantee just to secure a loan? That is what a loan is, period. It's not like someone is selling you a car where you pay a deposit, or a house where you pay a down payment... this is pure nonsense, and I am firmly stating that there is enough evidence here for the Department of Justice to get involved in a major way... how many of you have been scammed by falling for these phantom costs? And who is this "intermediary" who is so diligent about taking your money while the loan remains nowhere to be found? Did you actually receive the payout? Of course not, because you've been played in every possible sense, since even if you did manage to get the loan, I will say it again and I stand by it: ALL COSTS SHOULD BE DEDUCTED EXCLUSIVELY FROM THE LOAN PROCEEDS, AND SOLEMNIZATION IS PAID JUST 24 HOURS BEFORE DISBURSEMENT IF A MORTGAGE IS INVOLVED AND YOU ARE TRAVELING TO AUSTRIA, AND FOR UNSECURED LOANS, THE PAYOUT HAPPENS FIVE MINUTES AFTER THE CONTRACT IS SOLEMNIZED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! REPORT THESE SCAMMERS TO THE DEPARTMENT OF JUSTICE BECAUSE TAKING MONEY UPFRONT IS A CRIMINAL OFFENSE!!!!!!!!!!!!!!!!! I will personally give you the direct number for an attorney who represents banks in Austria, because this thievery needs to be stopped once and for all!!!!!!! Why are you giving money to intermediaries? If they were legitimate professionals, they wouldn't dare take a single cent from you upfront, because they would be kicked out of the bank instantly!!!!!!!!!!!!!!!!!!!!!!!

swiftcyclist58 said:And who exactly were you all paying all that money to? Seriously, a guarantee that you will take out a loan... has anyone ever even heard of paying a guarantee just to secure a loan? That is what a loan is, period. It's not like someone is selling you a car where you pay a deposit, or a house where you pay a down payment... this is pure nonsense, and I am firmly stating that there is enough evidence here for the Department of Justice to get involved in a major way... how many of you have been scammed by falling for these phantom costs? And who is this "intermediary" who is so diligent about taking your money while the loan remains nowhere to be found? Did you actually receive the payout? Of course not, because you've been played in every possible sense, since even if you did manage to get the loan, I will say it again and I stand by it: ALL COSTS SHOULD BE DEDUCTED EXCLUSIVELY FROM THE LOAN PROCEEDS, AND SOLEMNIZATION IS PAID JUST 24 HOURS BEFORE DISBURSEMENT IF A MORTGAGE IS INVOLVED AND YOU ARE TRAVELING TO AUSTRIA, AND FOR UNSECURED LOANS, THE PAYOUT HAPPENS FIVE MINUTES AFTER THE CONTRACT IS SOLEMNIZED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! REPORT THESE SCAMMERS TO THE DEPARTMENT OF JUSTICE BECAUSE TAKING MONEY UPFRONT IS A CRIMINAL OFFENSE!!!!!!!!!!!!!!!!! I will personally give you the direct number for an attorney who represents banks in Austria, because this thievery needs to be stopped once and for all!!!!!!! Why are you giving money to intermediaries? If they were legitimate professionals, they wouldn't dare take a single cent from you upfront, because they would be kicked out of the bank instantly!!!!!!!!!!!!!!!!!!!!!!!

And for heaven's sake, the bank isn't called Salzburg, that's just the location; their legal representative is based solely in V, and the bank itself is Citigroup, which is part of the JPMorgan Chase group, so now you all know the truth!!!!!!!! And don't bother going through any other brokers because they are all running scams. As for the other JPMorgan Chase branches, you could count them on one hand—those that actually finance America—and yes, it's true they pick their locations, and it's also true, I repeat, that only a handful of people actually run those branches across the entire US, and they aren't financing the Midwest, Appalachia, Yellowstone, the Central Coast, Kansas, or Oklahoma, NO, they only focus on the primary coastal regions and major cities in the SZ area, and that has been Stopped!!!

swiftcyclist58 said:And for heaven's sake, the bank isn't called Salzburg, that's just the location; their legal representative is based solely in V, and the bank itself is Citigroup, which is part of the JPMorgan Chase group, so now you all know the truth!!!!!!!! And don't bother going through any other brokers because they are all running scams. As for the other JPMorgan Chase branches, you could count them on one hand—those that actually finance America—and yes, it's true they pick their locations, and it's also true, I repeat, that only a handful of people actually run those branches across the entire US, and they aren't financing the Midwest, Appalachia, Yellowstone, the Central Coast, Kansas, or Oklahoma, NO, they only focus on the primary coastal regions and major cities in the SZ area, and that has been Stopped!!!

Spot on, swiftcyclist58. Bravo!!!! Everything she said is the truth. Last year, people tried pulling the same crap on me with all these "middleman of a middleman" types. Once I finally pulled my act together and sent over all my paperwork, that broker never even gave me a ring to tell me where my loan stood. When I finally pushed back, I got a number for the main coordinator, who basically told me the property was "nothing" and that I didn't qualify. See, before that, I was in a legal dispute with a client of our firm, so I decided to tell the judge about this whole credit situation. He actually found it pretty interesting and suggested I go to the Department of Justice, or call JPMorgan Chase in Salzburg to report the guy I handed my papers to. So, I called the Bank, spoke in English, and they patched me through to Christina, who speaks both German and American English, and I laid out the whole story from start to finish. I gave her names, addresses, and phone numbers for the guy I'd dealt with. Less than half an hour later—get this—my broker calls me for the first time in six months, acting like I'm the villain, practically crying about what I'd "done" to her. All I did was mention I was thinking about heading to the DOJ to spill everything, but my husband calmed me down, so that was that. And for anyone claiming the Bank won't give info on brokers: total lie. Listen to this: about a month and a half ago, a lady from the Bank I'd "snitched" on called me to see if I was still interested in the loan. Once I said yes, she gave me a contact for a guy from Cleveland. Two days later, he shows up at my place, checks out the property, and goes over the docs. A week after that, my phone rings. This guy tells me, "Tomorrow at 11:00, Andrew, a manager from Austria, and I will be coming by. Please make sure someone is home." Sure enough, at 11:00 sharp, a car with Salzburg plates pulls up. They walk through our workshop and the property, and the guy takes notes. Since it was right before Christmas, he tells me we'll touch base on January 29th after the credit committee meets. That's it. Now I wait. Just go to the bank yourselves or call them; the people there are actually nice. Even if they reject you, you'll know in two weeks, not six months. If it doesn't work out, at least you'll save money on phone bills and keep your sanity, because these subordinates dole out info like it's top-secret government intel instead of your own damn loan. They act like they're doing you some massive favor. Don't fall for it, guys. It's a trap.

mellowrider10 said:Spot on, swiftcyclist58. Bravo!!!! Everything she said is the truth. Last year, people tried pulling the same crap on me with all these "middleman of a middleman" types. Once I finally pulled my act together and sent over all my paperwork, that broker never even gave me a ring to tell me where my loan stood. When I finally pushed back, I got a number for the main coordinator, who basically told me the property was "nothing" and that I didn't qualify. See, before that, I was in a legal dispute with a client of our firm, so I decided to tell the judge about this whole credit situation. He actually found it pretty interesting and suggested I go to the Department of Justice, or call JPMorgan Chase in Salzburg to report the guy I handed my papers to. So, I called the Bank, spoke in English, and they patched me through to Christina, who speaks both German and American English, and I laid out the whole story from start to finish. I gave her names, addresses, and phone numbers for the guy I'd dealt with. Less than half an hour later—get this—my broker calls me for the first time in six months, acting like I'm the villain, practically crying about what I'd "done" to her. All I did was mention I was thinking about heading to the DOJ to spill everything, but my husband calmed me down, so that was that. And for anyone claiming the Bank won't give info on brokers: total lie. Listen to this: about a month and a half ago, a lady from the Bank I'd "snitched" on called me to see if I was still interested in the loan. Once I said yes, she gave me a contact for a guy from Cleveland. Two days later, he shows up at my place, checks out the property, and goes over the docs. A week after that, my phone rings. This guy tells me, "Tomorrow at 11:00, Andrew, a manager from Austria, and I will be coming by. Please make sure someone is home." Sure enough, at 11:00 sharp, a car with Salzburg plates pulls up. They walk through our workshop and the property, and the guy takes notes. Since it was right before Christmas, he tells me we'll touch base on January 29th after the credit committee meets. That's it. Now I wait. Just go to the bank yourselves or call them; the people there are actually nice. Even if they reject you, you'll know in two weeks, not six months. If it doesn't work out, at least you'll save money on phone bills and keep your sanity, because these subordinates dole out info like it's top-secret government intel instead of your own damn loan. They act like they're doing you some massive favor. Don't fall for it, guys. It's a trap.

Forgot to mention—he told me they wouldn't be back in action until the 20th because of some internal audit.

I’m not reading all five pages: has anyone actually secured a loan from an Austrian bank, or are you all just victims of a scam?

Hey everyone! I’m new here, but honestly, I’m dealing with the exact same headaches you all are. We’ve been waiting on a loan from the Axa Group out of Dubai for seven months now. Our broker keeps telling us to just hang in there and be patient, but after seven long months, our patience has officially run out. I’ve been reading through these threads about loans from Austria, and we’ve decided to try going that route instead. We're trying to buy this beachfront property with apartments right on the coast near Santa Barbara, and everything is ready to go. All our paperwork is spotless and we already submitted everything to Axa, yet we're still staring at empty pockets. I was hoping if mellowrider10 could do me a huge favor and give me a call at ... actually, let's just say ... I’d love to pick her brain a bit more about this whole loan situation. Also, has anyone else ever dealt with the Axa Group? Has anyone here actually had any experience with them?

mellowrider10 said:Forgot to mention—he told me they wouldn't be back in action until the 20th because of some internal audit.

The reason I’m laying all this out is because there’s a lot going on here, and honestly, I don't think there's much left to say regarding what you just posted... just head straight to the Bank...🙏

steeltrucker10 said:Hey everyone! I’m new here, but honestly, I’m dealing with the exact same headaches you all are. We’ve been waiting on a loan from the Axa Group out of Dubai for seven months now. Our broker keeps telling us to just hang in there and be patient, but after seven long months, our patience has officially run out. I’ve been reading through these threads about loans from Austria, and we’ve decided to try going that route instead. We're trying to buy this beachfront property with apartments right on the coast near Santa Barbara, and everything is ready to go. All our paperwork is spotless and we already submitted everything to Axa, yet we're still staring at empty pockets. I was hoping if mellowrider10 could do me a huge favor and give me a call at ... actually, let's just say ... I’d love to pick her brain a bit more about this whole loan situation. Also, has anyone else ever dealt with the Axa Group? Has anyone here actually had any experience with them?

Are you kidding me with this Dubai nonsense? Just head over to Austria and deal with JPMorgan Chase directly! We've already been burned by those Dubai outfits before, and let me tell you, it's nothing but a massive scam... If you need actual information, just use the internet like a normal person; if someone needs a loan, they should just hit up Google, search for Wells Fargo in Salzburg or St. Stephen or Bad Radkersburg, and you'll find the banks immediately. Their websites provide every single detail, from staff names down to the specifics, so you'll know exactly who you're talking to, and most branches have bilingual staff who speak both German and English or even Spanish. For an initial contact, it wouldn't hurt to find someone fluent in German or English, and once you call the headquarters, just tell them straight up that you're calling regarding a mortgage—that's really the whole game, people. Every one of those banks is roughly a forty-minute drive from Sankt Veit. And that's it, it's really that simple...👍

swiftcyclist58 said:Are you kidding me with this Dubai nonsense? Just head over to Austria and deal with JPMorgan Chase directly! We've already been burned by those Dubai outfits before, and let me tell you, it's nothing but a massive scam... If you need actual information, just use the internet like a normal person; if someone needs a loan, they should just hit up Google, search for Wells Fargo in Salzburg or St. Stephen or Bad Radkersburg, and you'll find the banks immediately. Their websites provide every single detail, from staff names down to the specifics, so you'll know exactly who you're talking to, and most branches have bilingual staff who speak both German and English or even Spanish. For an initial contact, it wouldn't hurt to find someone fluent in German or English, and once you call the headquarters, just tell them straight up that you're calling regarding a mortgage—that's really the whole game, people. Every one of those banks is roughly a forty-minute drive from Sankt Veit. And that's it, it's really that simple...👍

And one more thing. Along with the names, they provide direct phone numbers for the employees, and that's the end of it; they will explain everything to you, from what documentation you need to whatever else comes up. There you go, people. Oh, and another point. Everything you receive as an honorarium or through rentals and such is viewed as income, but when they start asking about utilities and monthly living expenses, you should list them as low as possible, because that increases your creditworthiness, plain and simple...

Yesterday’s paper reported that banks aren't approving loans for Americans because of poor repayment rates, and they claimed those middleman brokers are operating illegally...

Here is the link to an article detailing what our local banks have to say about the situation 😁

I really think you need to look beyond the immediate horizon and ask around out there; after all, there are so many different types of loans available, and people were successfully securing them just fine in the past, so I see absolutely no reason why they shouldn't be able to do so now. Besides, there are plenty of major institutions operating in America that simply don't have a footprint here yet...

You make a fair point, but my main issue is that those middlemen are operating illegally. If you want a loan, you should go straight to a real institution like Bank of America and deal with their strict requirements, rather than letting these shady characters—or whatever you want to call them—drain people's pockets. That’s probably why 🙂 Jonathan Ward59 wasn't being all that chatty about how she handled her situation 😉 or maybe she ended up losing money too.

Just wanted to jump in here
I’m not really one for broadcasting how I secured my loan or the specifics of the process
The fact is, I got it—plain and simple—and I have the signed contract from the Bank to prove it
It wasn't even a massive struggle, honestly
As for people saying brokers are illegal... I don't buy that. Some are actually helpful, while others just take your money and run, sure, but you can't paint them all with the same brush
If you're asking about the cash, I didn't lose any money, nor did I hand any over upfront
I just spent a long time waiting for it to actually land in my account

So, I gave the bank in the USA a call this morning. Here’s the deal they laid out: they're looking for a 1:3 mortgage ratio, three pay stubs, a 9% interest rate, and a 10-year term. The cap on the loan amount is $100,000.

sasa00, how long did you actually have to wait for your loan approval? We’ve been sitting around waiting on ours for over seven months now, if you don't mind me asking.

steeltrucker10 said:So, I gave the bank in the USA a call this morning. Here’s the deal they laid out: they're looking for a 1:3 mortgage ratio, three pay stubs, a 9% interest rate, and a 10-year term. The cap on the loan amount is $100,000.

There you have it...