Banker Reo $349 scam ? legal? Read this before you pay them

I have worked with bankerreo llc. and received everything they have promised. Our relationship started with an initial BPO which than turned into an REO listing. Upon closing they did not take any of my commision just like they promised.

WOW !! Thank you for all of your remarks on this scam. They called me on 10/25/2012 and gave me the same story. He said I could get BPOs and return into listings and I fell for it and gave him/them my credit card information, copy of my real estate license, E & O insurance and their master servicing agreement. They assigned me four assets immediately and I was informed they do their billing on November 1, 2012 and credit card will be charge on that date. I happen to read all of your remarks above, immediately I called my credit company to cancelled the charge of $349.00 and get a new credit card number today. THANK YOU SO MUCH!! We must post this scam to let other real estate agents aware of this!!

I WAS ALSO SCAMED  by BANKER REO. SAME KIND OF SCAM. WHY DON’T WE File A CLASS ACTION LAW Suit AGAINST THEM  Banker REO called me and told me that they have a foreclosure listing for me and would I be interested in listing a forecosure? I said yes. They said ok you need to pay $385 first. They even gave me the address of the property.  I paid them  $385 and I called them back. They said you need to do the BPO first. I  told them that was not my agreement with them, but they said we need to know the price first before we give you the foreclosure listing, so  I did the BPO and I never got the listing. I googled them on line and found out about their scam. I called them back  and asked them if they know how many compalints there are against them?  They said oh yes we have 145 compalints, so what? I think we need to do a class action law suite against them. This is a crime and I am wondering if  they give us a possible foreclosure for BPO or just give us any address so you would pay them the $385 . I just got scamed and they just got my $385, I think I will go and find out from the owner of the house if it was a real foreclosure possibility or just any  address they pick out of the hat in rive by means you can not talk to the owner. THEY ARE ALL OVER THE US SCAMMING EVERYONE.  Please call me I am ready to file with you guys.  Eva Klivington  Fairfax, VA 703 391-7450  I am boiling up over it.

 

Well I fell for it TWICE,  I did 2 BPO's one was listed as a short sale,  its been over 60 days I have not been paid for the bpos.  I called, and I  got that,  I needed to pay another $349 as a depoist and it would be credited back toward me on the first sale. WELL I am into it now for $700 bucks and I have called 5 times this past week and sent serveral emails with no reply.  I am now getting very concerned.

The one short sale closed so that one will not be a foreclosure I will be getting either.

Take them down, report to local attorney general or better to US Attorney,

every time they scam, internet fraud, every count punishable.

I GOT SCAMMED OUT OF $350.00 FROM THIS COMPANY AND I DID A FULL BLOWN BPO WHICH I WAS NEVER PAID FOR.  I WAS PROMISED $80.00 FOR THE BPO.   I AM GOING TO THE BANK THAT OWNS THE HOME THAT I DID THE BPO ON AND I AM GOING TO REPORT THIS COMPANY TO THEM.  DO NOT JOIN THERE SERVICE THEY ARE RIPP OFF ARTISTS PRAYING ON REAL ESTATE AGENTS CREDIT CARDS.  THEY PROMISE YOU AN REO LISTING AND NEVER DELIVER.  THEY ARE LIARS.  I AM GOING TO TRY AND REPORT THEM TO THE FBI FOR INTERNET FRAUD.  THEY NOW HAVE NO WEBSITE AND THE PHONE NUMBER I HAVE IS 847-454-7885 THAT LEADS TO NOWHERE.  THEY SHOUD BE PUT BEHIND BARS THEY ARE CON ARTISTS.  I HAVE ALSO READ THEY HAVE DONE THIS TO 1000'S OF REAL ESTATE AGENTS.  WHAT STOPS THEM FROM CHANGING THERE NAME AND REAPPROACHING AGENTS.  I WILL NOT PAY ANY REO OR ASSET MANAGEMENT COMPANIES ANYMORE.  BECAUSE THIS COMPANY BANKERREO IS A SCAM AND THEY WILL TAKE ON MANY IDENTITIES WHATCH OUT FOR THEM THEY ARE LIKE A CAMILION AND SO TRUST NOBODY FROM THE REO BUSINESS THAT WANTS YOUR CREDIT CARD IT HAS BECOME A MONEYMAKER AND THEY ARE PRAYING ON REAL ESTATE AGENTS WALLETS.  THE SCAMERS NAME WAS MARK CARNEGIE WHO WAS THE REPRESENTATIVE THAT SCAMMED ME.

Well, even after 20+ years doing REO's, I also got scammed by Mark Carnegie of BankerREO. I hesitated to sign up & got caught in one of those moments where the picture he painted sounded real. The property was around the corner & a high-priced property for my market area so the numbers looked very promising & I likely had a buyer myself, as well. I blinked & fell off the turnip truck...:-). I did the bpo without worrying about the bpo fee & paid the $349 with a credit card. I kept monitoring the foreclosure process of this property for a couple of months & then didn't bother being busy doing other things. In the back of my mind, I kept thinking I had a guarantee, in writing, which Mark did email me as a condition of doing business & paying their fee or a refund of my $349.00. Well, the guarantee wasn't worth the paper it is written on & I should have known that & be a smarter business person and/or consumer than I was at that moment. Kudo's to all out there who held off & didn't get burnt. Yes, we in our industry are probably more "trusting" than most others as it's the nature of our business as other entrust so much to us to protect them..... Think about that irony for awhile. Aren't those in the "sales" industry the easiest marks for other sales people to take advantage of..??? I guess risking $349 wasn't the worst decision I will ever make financially BUT getting taken by SCAMMERS really boils my blood. "Be on your guard & seek council"...:-)  Best advise I know!

Thanks for posting this.  I've received several similar emails for other companies as well. I just received one this week from footprintsre.com  they charge:

$100 for ebook and certification quiz. $200 for assignment fee

not going to do it.  

 

Thanks again.

I was just contacted by Jason from FootPrint REO INC. offering for a fee, to get assigned BPO's and when the bank releases the property you will receive the listing in that zip code. Apparently after reading all of the above I;m glad I didn't leap before I looked. I suggest when doing any kind of business with anyone, especially Real Estate you should google them. Also another great service you can sign up for is called Been Verified. You can get all kinds of information on company's and people including things that they did years ago. Thanks for taking the time to post, it helps all of us from being scammed. Scott

This situation is exactly what happened to me. An individual from REO Pro Corp contacted me asking me if I was interested in doing BPOs. I paid an up front fee, charged to my credit, with the assumption that if I "did good work" I would get the listing. I submitted a BPO for one of the three properties they gave me, and than after searching for information for the second property, I realized it was already active on the MLS. That was a week ago. I have since disputed it with my credit card company and have e-mailed and called REO Pro Corp numerous times to get an answer and haven't heard back. I can't imagine a good reason why they haven't called me back except this being a scam.

Just hung up with an agent from Reo Pro. Wanted $400 to get my first two assignments. Then $300 every six months. He went on to state this is a test period so they can see how well I do. They have two properties that need exterior shots and an occupency status. He stated they were a full sub servicer that would handle all repairs, maintanance and costs to handle the asset. Also stated my $400 went to help offset the repairs made that they were not reinbursed on. Scam!!!!! I have worked reos for over 15 years. I have worked for all the major companies. These guys are a fraud. DONT GIVE MONEY TO THESE GUYS.

THEY JUST CALLED ME!!! I TOLD THEM MY TIME WAS TOO PRECIOUS AND I DO NOT START MY CAR FOR LESS THEN $95!!!! THERE NAME IS NEVADAREO!