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