EasyKnock Residential Leaseback Review
14 Customer Comments & Reviews - see all comments
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EasyKnock is a New York City-based company founded in 2016. The company was in the United States to offer a commercialized residential sale leaseback program. Today the company offers homeowners three different programs, each of which allows them to access the equity in their homes without refinancing or taking out a traditional home equity loan or line of credit. EasyKnock is A+ rated by the Better Business Bureau.
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14 Customer Comments & Reviews
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Thank you for all your reviews, people. I almost made a bad mistake. May God bless and keep you.
Our experience with Easy Knock has been nothing short of stellar. Yes, we took out what is called a "hard money" loan at the start of the pandemic from them. We literally paid rent on that house every month for the last two years. We are now in the process of obtaining a loan, paying off what we owe to Easy Knock to get the house deed back in our name. Hard money loan? Yes. And the interest rate is high. I believe ours has been 14.5 percent on 50K. Still this business was there for us in a serious financial clinch. The money came in fast to the bank account. Here's the thing: Considered as "renters" rather than owners", Easy Knock took care of many repairs needed to the house as a... Read More
If you think this is a great opportunity your wrong do not go into a business transaction with these people nothing but stress they avoid speaking to you or emailing because creates a legal trail back to their real intentions. A time frames given verbally over a phone conversation only creates hearsay for a judge.
Avoid this if you can. Seek credit counseling, talk with your mortgage company, anything but this. If it sounds too good, it is. It sounded good then "things changed" and it turned bad real quick. There are other ways. Attorneys are very helpful. The attorney I used was spot on, everything he said would happen, happened. My house appraised lower (145000) than what she had me sign(170000) , then said the repairs on the house would be 25000 and that is what they would hold back plus there fee and a bunch of other bull. But I had a contractor come out because that is what the attorney told me to do, and he said it would cost me around 7000 to fix. Also, my taxes were already paid,... Read More
I began my unsuccessful journey with EasyKnock in the middle of May. Everything on my end was done quickly. The deal was suppose to close July 14th. I originally was in contact with Lexi, but was then transferred to Ashley. Both of them seemed to be doing their job. However, eventually I started getting the run around about inspections and appraisals done. Contact seemed to be lost between us. So I called Easyknock and ask to speak to the owner Jarred Kessler. I even Facebook him a message about what is going on with my account. He never did respond. 2 days later Lexi ( strange since it was Ashley who was handling everything now. ) Said we were almost there to close. Even... Read More
Initial Loan Disclosure was signed first week of July. Knock promised failed to complete this deadline. The closing date was extended agai attempt at closing. I have submitted every document within hours of r underwriting on time and they started reviewing days before closing. the beginning that the property was in a flood zone and required FEM days before closing, Knock provided the notice 3 days before closing there is a 10 day hold after the FEMA disclosure is signed to close. Co none. I will find out the afternoon before closing that it's not going to sell to someone else and keep $23500 in earnest money because Kn Considering legal action if this is not resolved.
I am in the beginning stages of the process and so far so good! Ron who is my rep has been a pleasure to work with and has explained everything and sometimes twice because of my inability to pay attention lol. But like I said he’s been fantastic and I urge everyone to ask for Ronald Morgan!
The concept is great. It provided what I needed. However, the customer service and communication has to be the worst that I have ever come across. If you don't mind emailing only, and getting a response whenever, then go ahead with it. Also this company came across like they understood the Covid crises and was willing to help any way they could but when push came to shove they will evict you and work it out only on their terms. Overall, I would never do business with them again.
The thing that stands out to me the most..besides losing $130,000 when I used Easy Knock but the thing that stands out to me is the most is one day I was working at my desk and I received an email notification that I signed the addendum to the original contract that changed a lot of things. The funny thing about that is I never signed that document. I never signed the contract to sell and lease my house, which ultimately lead to me losing my house and the 11 years of equity along with it. Knowing I never signed that document put me in a real tough Position. One that nobody should be put in.
Leah, I stated I was tasked with selling the house myself by Easy Knock but it had to be to an Ibuyer. And you are right it did not sell to an Ibuyer but I had an offer from Offer Pad which everyone agreed to the price but something happened at closing and the deal fell through but I wasn't given any information besides that. So an Ibuyer offered $235,000, which was low but I would have walked away with $20,000. That deal didn't happen then Easy Knock sold the house for $200,000. And bravo, Easy Knock advanced me $8,000 and that's real generous considering you had all my equity from the sale. And as far as not paying rent I certainly got caught up but that was the default. The... Read More