Seven Red Flags About Program 3648 and Program HR 3648 Short Sales

Real Estate Agent with Sellstate Realty First

Elizabeth more than covers the "SCAM" of Program HR 3648.

In addition, the list provided is very detailed with Contact, Address, How many months late..................I said Detailed ....NOT ACCURATE!

My findings below of the 200 - Homeowners needing assistance to prevent Foreclosure as pulled from the best Credit Report Agency around??

1.....the contact has NEVER owned the home! 

2....Home was sold 9 months prior

3.... Owner has NEVER missed a payment and has NO pending NOD


Not to mention when you ask for resolution, they conveniently forget to respond.

This program does not benefit the Owner or the Agent.

My suggestion - Find a way to support those in your community needing assistance

without having to rely on leads sent from Arizona to California.

Home Owners need professional,honest and actionable advice today.

They have all been told various points and led through the valleys of options.

Be compassionate, understanding, and honest.  It is not about the commission.  IT is about the Owner and their family and the support they need through the transaction.

Help a Home Owner today!


Original content by Elizabeth Weintraub Sacramento Realtor Top 1% DRE #00697006

program 3648Due to my high visibility online as a Sacramento short sale agent, I receive a lot of email spam, much of it centering on short sales. When I received an email from Program 3648, I deleted it, and all those that came after it. I mean, who calls itself Program 3648 or Program HR 3648 -- is this the X-Files?

But on Wednesday, I stopped to read one of these emails. The email aroused my suspicions because it talked about Administration Policy and promised full commissions on short sales, while naming a bunch of major lenders. I know that full commission is an impossible guarantee. Red flag. I also noted the email was absent a company name but sported a Washington, D.C. address, made to look like it could be a government-sponsored entity. #2 red flag.

So, I decided to check it out and signed up for the Program 3648 webinar. It started out innocent enough. To qualify for the program, an agent must:

  • Be full-time
  • Have short sale experience
  • Be able to handle at least 15 short sale listings
  • Possess a proactive approach
  • Maintain a proper mindset

That last 2 requirements were a bit peculiar because every successful short sale agent I know has those qualities. To push a "proactive approach" or "proper mindset," well, those are not things one would promote to an experienced real estate agent. It's insulting. But it's new information to an inexperienced agent. #3 red flag.

Program 3648 and Program HR 3648 also sport a little icon as their logo. It looks suspiciously like a government symbol with an eagle in the middle and lettering so tiny you can't read it, but it's not a government entity. #4 red flag.

Basically, this is how the program was laid out. An agent pays an upfront fee, signs a 6-month contract and agrees to pay a triple-digit monthly fee to Program 3648 or Program HR 3648. In return, the agent receives training on how to become a short sale listing agent . . . Wait. Didn't they just say they wanted experienced short sale agents? #5 red flag.

The agent will receive a list of 150 leads. These leads consist of homeowners who are 30 days or more behind in their mortgage payments. If an agent wanted to find a list of homeowners who have a Notice of Default filed against their homes, this information is available for free in the Sacramento County public records. The idea is agents then call or send direct mail to the homeowners, in essence, the program purports to turn real estate agents into telemarketers. #6 red flag.

What busy and successful short sale agent would want to do telemarketing? Probably none. But a brand new agent who has no business might be tempted to sign up for this program.

Program 3648 and Program HR 3648 also provide all the short sale negotiation for the agent. Gosh, I hope Program 3648 is a licensed real estate broker because only real estate brokers or lawyers can collect a commission, regardless of what they call it, to negotiate a short sale.

But the weird twist is the listing agent somehow charges the short sale buyer 1% of the sales price and makes the buyer pay its negotiation fee, 20% of which is rebated to the listing agent. Why would a buyer agree to pay a commission of 1% to the listing agent and the listing agent's third-party negotiator? #7 red flag.

I disconnected at that point. How many red flags does an agent need? I can already hear the lawyers at Lyon Real Estate having conniption fits over this.

Photo: Big Stock Photo

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Certified HAFA Specialistelizabeth weintraub


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Elizabeth Weintraub reviews My Sacramento Real Estate Listings

Elizabeth Weintraub is an author, home buying columnist for The New York Times-owned, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available at

Lyon Real Estate is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.

The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate.

Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice. It could blow up, explode or vanish. To find out the present status of any listing, please go to


Comments (2)

Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Michele, I just wanted to stop by and let you know about our ActiveRain MeetUp tomorrow afternoon in Roseville:

Sacramento Area ActiveRain MeetUp #3 - Roseville, CA - Friday, 4/20/12 (3pm)

If you can make it, we'd all love to meet you in you can earn up to 3,000 points! :)


Apr 18, 2012 07:08 PM
Michele Peterson
Sellstate Realty First - Roseville, CA
Sellstate Realty First



Do you have the next Active Rain Meet up Scheduled?

I don't want to miss the next one....Please send the date when you have a minute.

thank you!


May 05, 2012 12:40 AM