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BankerREO.com Scam $350

By Shane Cook

Real Estate Agent with My Home Group SA585717000

December 13, 2011 10:16 AM

Don't spend your $350 when the scam from BankerREO.com comes along. I wasn't paying good attention and I fell for this one, be aware of the scam by this name or any other.

I was contacted by BankerREO.com to sign up for BPO and REO Assignments, for a $345 annual membership fee. In hindsight, I did a WHOIS search for this company's website and it shows that it was created on June 14, 2011, and they are based out of Illinois! There website address is: www.bankerreo.com Does anyone have any experiences that they would like to share with this one?

The lady I dealt with was named Jessica Necomb, her phone number was 847-454-7889, and she used the email address jnewcomb@bankerreo.com. I also dealt with Alex Fulman at afulman@bankerreo.com. They had me fill out w-9 forms and pretty standard looking reo lisitng agreement for the 30 or so zip codes they stated I would be their representative in.

They went as far as to request a drive by appraisal from me on a property that was a short sale. That was over two months ago and still no paycheck as promised. The website interface was much like many of the valid REO asset manager webistes I have worked with.

So as always, buyer beware! and Don't spend your $350 when the scam from BankerREO.com comes along.

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Tami Saner

GRANITE BAY, ROSEVILLE, ROCKLIN Real Estate AGENT - Rocklin, CA

Realty ONE Group Complete

Good to know, thanks for sharing.

Dec 13, 2011 10:17 AM

Yvonne Van Camp REALTOR

To Buy and Sell Real Estate, see me at Southwest Missouri Realty - Springfield, MO

"Home"work, I have the Answers!

Thanks for sharing, got to stay on top of the solicitations. Very few are good!

Dec 13, 2011 10:20 AM

Kathy Sheehan

Bay Equity, LLC 770-634-4021 - Atlanta, GA

Senior Loan Officer

There seems like there is always someone calling with these type of programs. I had one last week too

Dec 13, 2011 10:21 AM

Shane Cook

My Home Group - Gilbert, AZ

Residential and Commercial Realtor

No problem Tami, I know Yvonne and I actually thought I did some homework before hand, Kathy There really does seem to be more scams like this to look out for everywhere these days.

Dec 13, 2011 10:25 AM

Shane Cook

My Home Group - Gilbert, AZ

Residential and Commercial Realtor

Thanks for the comment Jason, I am working on that with my card now! I guess some people just think it is easier to scam people than to work honestly and hard for their successes.

Dec 31, 2011 02:23 AM

Shane Cook

My Home Group - Gilbert, AZ

Residential and Commercial Realtor

Caught up in his own lies, tough to swallow I guess.

Jun 22, 2012 08:19 AM

Julie Nikolaou

RPM Homes, LLC - Appleton, WI

thank you for this post - saved me the time and money. just one of the many reasons activerain rocks!

Jul 26, 2012 01:32 AM

Steve Harbour

Keller Williams Realty Inc. - Branson, MO

For all your real estate needs!

Thank's so much for posting these scam companies. I just got a call from a Greg Wilson with www.bankerreo.com.

He told me there was an exterior bpo in the area. The fee would be $75.00. He also said I would also do an interior bpo on it later for $120.00 and then I would be guaranteed the REO listing.

I asked him the address and he wouldnt say. He said he'd get the address from his superviser as soon as I paid the $350.00 fee.

I told him I would have to look into it before I give him any money.

So glad I did.

Be careful out there folks!!

Aug 23, 2012 07:25 AM

Shane Cook

My Home Group - Gilbert, AZ

Residential and Commercial Realtor

Yep, I love active rain. Look at all the people one simple post has helped. Please feel free to reblog or link to this post in other posts to continue to keep it a high rank for bankerreo.com scam.

Glad to help.

Aug 24, 2012 12:58 PM

francis vinuya

West Covina, CA

shane thank you..got an e mail and phone call from these guys.. asking for my credit card in exhange for a listing.. told him to call back.. checked active rain. add their number to my do not answer list..

Sep 10, 2012 03:46 AM

Lana Minchew

Waycross, GA

Interesting. I had a missed call from the same number today. Glad I missed it.

Sep 12, 2012 01:06 PM

Shane Cook

My Home Group - Gilbert, AZ

Residential and Commercial Realtor

Glad we can keep them from taking some peoples money. Keep passing the word around or share with your Realtor friends.

Sep 18, 2012 12:04 PM

Michael J. O'Connor

Diamond Ridge Realty - Corona, CA

Eastvale - 951-847-4883

I just got a call from "Robert Johnson" with the same line that everyone else is fed. Guaranteed to get a listing that is already assigned, need three BPOs done by next week, etc.

All I need to do is hand over my payment....

Sep 20, 2012 10:23 AM

Terry McCarley

Coastal Real Estate - Cape Coral FL - Cape Coral, FL

REALTOR, SRES, CDPE - Cape Coral, FL

Thanks Shane - I rec'd a call yesterday from bankerreo.com - I couldn't talk so he called me back today. He told me he has 3 BPO'S he needs me to do right away and that I would get the listings. I was starting to fall for it but searched the company on activerain while I was speaking to him and found this post as well as some others. I told him his company has some pretty negative reviews on activerain and he said "what is active rain" - LOL! Thanks so much for sharing!!!

Sep 21, 2012 02:20 AM

Michael J. O'Connor

Diamond Ridge Realty - Corona, CA

Eastvale - 951-847-4883

I received a lovely follow-up email from them when I failed to call them back:

Dear Michael O'Connor,

We appreciate your desire to join our agent network. We regret to inform you that we are unable to accept you into our agent network at this time. We are constantly adding services and coverage areas to our network. Should our business needs change in the future, we will contact you. Thank you for taking the time to speak with us regarding your experience and qualifications.

If you feel you have received this email in error, contact us by e-mail at info@BankerREO.com or by phone at (888)-356-9111.

Sep 22, 2012 03:48 AM

Anja Kerstens, 669.270.8034

Compass - Morgan Hill, CA

GRI, NHCB, CDPE, CHS. Silicon Valley Homes

The comments keep coming in. Yes, pretty soon we all get these calls. Got mine today. No sir. Thank you.

Oct 17, 2012 08:41 AM

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Shane Cook

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Author Bio: I know Phoenix and especially the east valley cities of Mesa, Tempe, Chandler, Gilbert, Queen Creek and Scottsdale like the back of my hand. I grew up in the Dobson Ranch area of Mesa, AZ and went to college in St. Petersburg, FL. After college I moved back to Arizona to pursue business ownership and development with my knowledge gained while getting my BA in Business Management and participating in Eckerd College Search & Rescue (a leadership development program disguised as a maritime search and rescue program, the only one of its kind in the country). I live in Gilbert, AZ near my parents and sister’s family. I started participating in triathlons late 2005, and completed the Arizona Ironman in 2007, when I am determined to do something, it gets done! I have not been competing since roughly 2012, instead I turned to practicing Sumits hot yoga, in Chandler 2-5 times per week. I like traveling with my son and girlfriend to experience other cultures as much as possible and see new places. I also enjoy scuba, poker, hiking, triathlon, gardening and spending time with our families and friends. I am also an active volunteer in our local communities. I regularly serve with our brokerage at St. Mary’s Food bank usually packing and sorting food for emergency food boxes and during the Holiday season ringing the bells for Realtor Wednesdays with the Salvation Army. I regularly volunteer with Gardenpool.org to help with their builds, and have one of my own. And my schedule allows me to volunteer monthly in my son’s classroom and other school activities. Through my business and SEVRAR activities I also financially support the Care Fund, SEVRAR Critical Needs Fund, RAPAC, and other local organizations. I have purchased, sold, lent on and/or been a Realtor on thousands of properties since 1998. I will find you what you are looking for and assist with getting the best price possible. My experience will allow me to assist with finding, buying, financing, repairing, and/or selling the property you desire.

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