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


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

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

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



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:)






Posted by


Jill Doppel, Principal Broker



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. 


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
A. Sands

I received the same email from Mark Smtih.  Supposedly it's Smith but it was spelled wrong in my email, as well.  You'd think that it would be corrected.  Strange.

I replied to it after googling it and, to be snide, asked how he pronounced his name and asked what the fees were.  I received a return email:

Thanks for responding, The referral fees all depend on the amount of applications, their credits, application fee and other factors. As you may know we are mortgage brokerage firm (not a lead generation company) specializing in commercial loans and Re-Fis; we get a lot of new home applications, and out of state applications that we do not process, but some are pre-qualified by our affiliate loan officers in your state (TN). Either I or one of my assistants (Jazman or Julian) will follow up with you soon and give you the details (we are swamped if not today within the next 72 business hours). Fortunately or unfortunately we do not network these applications to just any real estate agent! Please let me know how long you have been in real estate business and how many verified sales have you had in the past 12 months. Happy Selling

I didn't respond but a woman called to follow up.  She said that they ask for a 10% referral fee and a minor application fee.  When I asked how much, she put me through to a man (the closer).  I asked if they were a licenced real estate company and he said that they had a company.  I asked how they got the leads and he said that because they only funded refis and commercial loans, they had residential buyer applicants who say they are looking for an agent and they're finding them lenders, too.  We then negotiated $35 for 10 leads (up front fee with 12% referral on the back end) from the original $47/10% referral fee due to volume and I asked if I could purchase one to start.  He said that I'd be disappointed with only one since maybe 2-3 of 10 should close.  I asked for an agent reference which I was given immediately off the top of his head.  I haven't called it.  He sent me the paperwork but I did not sign or send it back.  I asked what would happen if the lead weren't viable.  He said it would be replaced and that all of the leads were answered by people and the prospects wanted to be contacted by an agent and the leads were no older than 48 hours.

However, I haven't found any positive feedback on this so I won't be doing it.

Sep 08, 2008 11:10 AM
Gillian Goldrich, Broker, ABR, e-Pro, PSCS

Hi All,

Here is the latest email - they are now calling themselves Nationwide Financing and using the same pitch.

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

We have a few buyer applications in Woodbridge, CT 6525 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. 8028 to give you more information about these applications?

Thank you,

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

As you can see that now they send you a picture so that you can believe there is a real person behind this.  The terms are the same....$35 per lead and 10% of the "net" amount to the REALTOR as a "consulting" fee.  When did the law change to say that we as REALTORs can pay out "consulting" fees on Real Estate Transactions?  I know we can pay referral fees.  I also asked for a copy of the real estate license because the NAR code of Ethics only allows us to pay referral fees to licensees.  When I questioned the name on the license, as I did not have any reference to anyone in the company with that name, I did not get an answer. 

Nationwide Funding must be hurting for business as they were willing to do a month-to-month deal and also send me 20 leads, not the usual 10!  I did not bite.  BEWARE of this they will do what they can to get your money!

Sep 26, 2008 08:07 AM
Ron B

They are running a similar SCAM for Insurance Agents, claiming they have buyers closing loans within 21 days, and have assured ther buyers that they will assist them in getting their Life Insurance updated, and

the soon to be new homeowner is therefore provided a service. The person is expecting you to call them and there is a true interest.

The leads they send  (the people) have no idea what you are talking about

Once you sign a contract most calls are shunted to voice mail. They answer calls until you get the charge put thru. Then everything changes

Run away: nationwide financing, moneytreefunding

Oct 02, 2008 12:44 PM

David Wright is the supposed senior operations officer of Nationwide Financing and the loud voice scam artist you are describing. I got sucked in after doing what I thought  was my due diligence.We need to report this company ASAP. Be wary of Julien and Natalie and a Mark Warren. No one will help you, just put you off making it sound like they will get you better leads tomorrow. The cell for David Wright is 1-818-749-6149, if you want o speak to him personally.

Nationwide Financing is a scam so watch out. Cancel your credit card if you gave them you card number. Dispupt the charges they did put on your card. Print out all the complaints  on Activerain   and forward them to your credit card company as evidence. Document all emails and phone calls to them for evidence as well.

Good luck!!!!! 10/03/08

Oct 03, 2008 03:48 PM
Timo Yannopoulos
Platinum Realty Licensed in Missouri - Kansas City, MO
Buying and Selling Kansas City Homes


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

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
Sean Kelley

Thanks for saving me the hassle, I had my suspisions but in this market you have to follow up on all potential leads.

Oct 14, 2008 03:33 AM
Mortgage Broker

All I have to say is use maps.google.com for their address:


You GET A UPS ADDRESS (Box Number) - No office!

Oct 15, 2008 04:48 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
thank god for google


 I'm an insurance agent and I received a fax first and a follow up call next from nationwide financial. The person I spoke with called himself Cornell Sanders, he gave the same pitch, looking for one good agent that will take care of our clients. these leads are great and if not we will replace them they are ready to close soon and need insurance. While he was talking I googeled them  and found money tree or "same as" just different name. I started asking about money tree and he said he did not know them. I told them to send me a lead to see what it looked like. it ws very generic. I told him send me a real lead, 10 of them and then I will gage how good they really are. They wanted at least 25 and a signed contract. It all goes back to the old saying. If it sounds too good to be true it probably is. What a scam. Stay away!!!

Oct 30, 2008 07:40 AM
Jill Doppel
Jill Doppel Real Estate of Dutchess County - Millbrook, NY

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

Wow, I just got a contract and I signed but did not fax yet.  I decided to google the name and found that all your comments.  I saved me $350.00.  THANKS FOR ALL YOUR COMMENTS AND INFO.

Nov 14, 2008 09:33 AM

wow I really wish I would have been as dilligent as you guys and Googled them before signing the contract.

I signed up and have so far los $1,340!

Isn't there some sort of legal action that can be taken against these guys?

Dec 16, 2008 07:28 AM

I thought it was odd to receive a fax at the office addressed to "Dear Realtor".  Anyone who was legit would actually make a phone call not run the risk of sending their referrals to someone in the company who was either moonlighting as a Broker or maybe having their fax end up in the trash.  I believe we all take great care when sending a referral. 

So, like so many others I Googled their phone number.  Voila'!  I got all the information I needed to send out a warning to my officemates.  Thank you everyone for yor comments on this post.  I feel badly for the person who lost $1,340.  In any market, that's a lot of money to toss away on a bogus scam.

Best wishes for a healthy market in 2009!

Feb 03, 2009 01:29 AM
Is it an other warning?????????


very good job in pin pointing those smart guys who supposedly wish our "us REALTORS" best, means our money!

I have just received a new e-mail from Agents-Information@xmr3.com
it looks like he is an ordinary agent, I called this number several times and asked to speak to him.
I have receive different answers, either his with an other customer, or he is out for lunch, or he is on vacations.
They want 15% referral fee at closing and $21 up front application fees for each referral.

Please let us know if you had any experiences with them.

Well here is the e-mail with his picture:

Dear Agent............

I have clients in your area who are looking to purchase and sell their properties.

The Surrounding Areas Of:
City: Kansas City
State: MO

Zip: 64151

May I refer these clients to you? If so, please call me (818) 444-7315 Ext. 8029

Peter Taylor - Real Estate Agent
Southern California




Feb 03, 2009 04:55 AM

To the last poster: STAY AWAY! The email they sent you looks exactly like the rest of the scammers (including EPAGE). See my other blogs for info about them and you'll see the similarities. They may all be working under 1 umbrella! The pictures of the supposed people aren't even real pictures of their staff.

Feb 03, 2009 05:05 AM
Fount out more about them Gretchen Fox and Associates in Ripoff

After I have request to unsubscribe from the e-mail I have received a auto response from

Gretchen Fox and Associates

I just Googled the name and found this report in Ripoff Report website.

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  • Feb 03, 2009 05:11 AM
    John Franco

    You people are a little bit ridiculous, sure they're attempt to get in front of you is a little bit misleading, but you get it, they're a lead source.  Funny that you idiots are calling them scammers when you have no clue about the quality of the leads.  Truth be told the quality of a lead is only as good as the person calling it, from my experience selling leads the majority of you have no clue what you're doing.

    Apr 05, 2009 03:31 AM