Admin

ALERT FOR REALTORS: RE: "MONEY TREE FUNDING" EMAILS

By
Real Estate Broker/Owner with Jill Doppel Real Estate of Dutchess County

TO ALL REAL ESTATE BROKERS:

The company who described themselves as "Money Tree Lending" should be on red alert. See and judge for yourself:

I received an email today which stated "We have leads for you please call". See email below:

Dear Jill,

I was referred to you as an active real estate agent working with buyers and
sellers.

We have a few buyer applications in NY that have been pre
approved for a loan. These applicants are looking to buy a house within the next
0-180 days and have been verified. They need a real estate agent to find them a
property!

Can you call me at (818) 444-7295 Ext. 8029 to give you more information about
these applications?

Thank you,

Mark Smtih
Sales Manager, Money Tree
6433 Topanga Canyon Blvd. #602 - Canoga Park, CA 91303
(818) 444-7295 Ext. 8029 


   This email has been sent on behalf of Money Tree Funding

 

Upon suspecting that it was another ripoff service, I called the number on the email. The number I was given to call was in the 818 area code (818-444-7295). I was put through 3 people, none of whom were the guy who supposedly WROTE the email. First I spoke to a guy who answered and put me through to a "Julien", and then was passed to another guy who loudly yelled my name when he picked up the phone (exclamation in yelling my name). His name was "David" and he said he was the "Operations Manager of Residential".  This guy was the most unprofessional "hard selling" person I have encountered in quite some time and sounded like a backstreet car salesman. They claim to offer 10% at closing and $50/lead service. (READ ON!)

I asked "David" TWICE which website these "fully verified buyers" come from, and after trying to evade the question, he eventually spewed out the following when I asked the exact same question again: "nationalcreditservices.net, moneytreefunding.net, and "moneytreefunding.com pretty soon!", and something about "quickcash" and "credit services" again. He actually started to sound like a bill collector, with high pressure fast talking sales pitches. Everyone whose voice I heard was young-sounding and uneducated. I asked the guy to slow down a little because he is starting to sound a bit "hard-selling" so far in the conversation, and I wanted to get complete information so I can research his company. I said that I always do further information research on the people who call me with leads, and that I don't just sign up with every company that calls, as I'm sure he could understand. He interrupted me, got furious and abruptly started spewing off at the mouth in a loud tone and said "We are NOT subservient to you! We are supposed to be considered partners! Thanks for the lesson in grammar but you have just DISRESPECTED ME and that is rediculous!!" and hung up on me. (gulp...)

I got off the phone and Googled MONEY TREE SCAM and found this:

Comments about 8187703074 number:

Rating: 0 Tatiana - 18 Feb 2008 This is a phone number of a fraudulent company, who represent themselves as "Money Tree Funding LLC". This company does not exist, it is not registered in US as such. It is a scam targeted for realtors, where they offer solid buyer leads in exchange for a modest payment, such as $20, 25 per lead. Their so-called "website" is just a front and does not have any business at all behind it. They first send you an e-mail and them call you. Do not get victimized by them!! Caller: Money Tree Funding LLC Caller Type: Telemarketer

NO PROFESSIONAL COMPANY WOULD ACT LIKE THIS. THE GUY ON THE PHONE WAS HARDLY EDUCATED ENOUGH TO BE ABLE TO CONDUCT HIMSELF LIKE A GENTLEMAN OR HAVE A "PROFESSIONAL BUSINESS CONVERSATION".

THESE PEOPLE ARE NOT PROFESSIONAL, AND SOUND AS IF THEY ARE DOING BUSINESS USING SOME SORT OF SCAMMING TECHNIQUE, OR THEY JUST AREN'T A LEGITIMATE COMPANY WHO DOES ANY TYPE OF PROFESSIONAL BUSINESS. DO NOT GET INVOLVED WITH THEM!! SPREAD THE WORD TO YOUR FELLOW COLLEAGUES/REALTORS! AND FOR GOD'S SAKE, DON'T PAY THEM A DIME, THEY MIGHT BE ABLE TO USE YOUR ACCOUNT INFORMATION TO SOAK YOU DRY. YOU NEVER KNOW.

I have since sent an email back to the guy who supposedly wrote the email and got no response. If you've ever heard of this company or have gotten the same type of dealings with them, you should also aware other colleagues. If we stand up to protect one another, as well as Buyers out there, we can avoid getting involved with companies like these.

Here's their website: http://www.moneytreefunding.net

AND LOOK AT THIS ONE (scroll down to see the folks on the phone with their baseball hats on:)

http://www.nationalcreditservices.net/contact.php

HERE'S ONE MORE, WHERE THEY SELL AD SPACE TO ADVERTISERS:

http://www.nationalcreditservices.com/index.php?Query=2USZ9rTT6GM0eWNz%2BHdn8BXrhEu2gSnziZog9kW6D4PeoKVREAk%2FGEbb3vyv%2FJtNbTx6GsO1RPU6POYP865YeoSdps9NToz76H5RD0XfMDvkulrSk4XxrQFFR%2BGF85bkmdkl9LPlkBajCahFGSp2wnejeFyzMJNly%2B1bqhuy9nVwBlFvAfAkPPsEDrw20JgUc8J3hN%2BZ2kG%2FiB2vHxxtXdVgfOLXr04Dpo9Ru8Y4T%2FgA6eLKrPgPXasf3P2VHjYCSq0R4InyOzhh1otdrgTi0LEx%2BKVOegtLniC37Sz44xOKVxvk1nMOCCP8vNRTSD10jiZdlhzqIL%2Bm6vYzJz88L3CAuFkQIcDuUbslFyuDr0u4cHhjhH%2BNm9B5Jtiz29PpOObToxFzR0sMEhJD3z4%3D

 

 

Posted by

AMBASSADOR PROPERTIES,

Jill Doppel, Principal Broker

845-546-5875

 

Comments(6)

Show All Comments Sort:
Chad Baird
Re/Max Spirit - Dayton, OH

WOW!  I just got an email for a referral and called them.  I don't mind paying a referral fee on the back end of the deal but not the front end. 

RED FLAGS: 

1.  The referral fee comes from me, not shown on the HUD-1 statement.  He assured me that it would only save me money. 

2.  I cannot talk the original referral person.  His "assistances" handle me. 

3.  He emailed me a prifile frome a brokerage that I have not been with for 3 years now and "needed my help". 

I'm willing to invest in my business to make some money, but I think this would be money down the drain.  You may find my info on the internet, but I can find your info just as quick!  I value the opinions of fellow agents and rest assured, I will check you out before I commit to a financial deal. 

Aug 27, 2008 04:05 AM
Timo Yannopoulos
Platinum Realty Licensed in Missouri - Kansas City, MO
Buying and Selling Kansas City Homes

Jill

Good Job done! Just expose those want to be smart guys, let the world know who they are.
I also got the same e-mails and phone calls from those funny guys.

The same grab as the RE Experts see also that link
http://activerain.com/blogsview/378274/RE-Experts

All I suggest is to unsubscribe, and put them in your block sends list.   SEE BELLOW

Dear Timo,

I was referred to you as an active real estate agent working with buyers and sellers.

We have a few buyer applications in Kansas City, MO 64151that have been pre approved for a loan. These applicants are looking to buy a house within the next 0-180 days and have been verified. They need a real estate agent to find them a property!

Can you call me at (818) 444-7315 Ext. 8028 to give you more information about these applications?

Thank you,

Don Ferguson
Sales Manager, Nationwide Financing - California
(818) 444-7315 Ext. 8028 
 



This email has been sent on behalf of NationWide Financing

Oct 10, 2008 04:34 AM
Pete Spadaro
RE/MAX All American - Williamsburg, VA

Thank you to everyone who spoke up about his company here.  I got my email today! (see below)

Dear Peter,

I was referred to you as an active real estate agent working with buyers and sellers.

We have a few buyer applications in Newport News, VA 23602 that have been pre-approved for a loan. These applicants are looking to buy a house within the next 0-180 days and have been verified.  They need a real estate agent to find them a property!

Can you call me at (818) 444-7315 Ext. 8029 to give you more information about these applications?

Thank you,

Don Ferguson
Sales Manager, Nationwide Financing in California
(818) 444-7315 Ext. 8029
 








Oct 16, 2008 04:06 AM
Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Well they're at it again... Just got mine today.  Same one Timmo received.  I clicked on their email removal and there's where they state they are Money Tree Lending...

Your Raleigh Realtor

Oct 20, 2008 03:38 AM
Jill Doppel
Jill Doppel Real Estate of Dutchess County - Millbrook, NY
ABR

I am very glad that you all found the truth before you got raked over the coals by these scammers. Keep googling anyone you're unsure of! Each time I receive an updated comment to this blog in regards to those of you who benefited from it, I smile one more time knowing that they're wasting their time trying to rip us off. Your responses have been overwhelming, even with the other scam blog I posted on here.

Anymore scams I find, I will be sure to post it on Active rain. :) Best of luck everyone! Keep your comments coming! I'm more than glad to help!

Oct 30, 2008 09:29 AM
Jerry & Debby Porter
RE/MAX Alliance Group - Gilbert, AZ
The Porters PLLC

Thanks Jill, I too got the same email from now Nationwide Financing with the same pic attached as some of our fellow ARainers have gotten. It reaked of scam so I googled it and what do you know, your blog was the first result! Nice work.

Another company I suspect is just a scam is Link Tech Solutions. Anyone else taken the bait on that one?

Nov 04, 2008 03:02 AM