BNI Foreclosed Homes Commercial

Real Estate Agent with Berkshire Hathaway Home Services Florida Network Realty BK 3030920

 Have you heard this commercial?

    It starts with two women talking to one another about one's new home,

  • Female  1: "How can you afford this? You make the same salary as I do! You're only 30 years old!"
  • Female  2: "I know! I called BNI for a list of foreclosed properties and now I have this 4 bedroom 2 bathroom home for less than $300 a month!"
  • Female  1: "That's less than I pay in rent!"
  • Female  2: "Call BNI - and you can find a house just like mine"

 That's the general gist, not the exact verbiage. So, I called BNI (Bargain Network) to see what the deal was, more out of curiosity than anything else. They ask for my zip code, and then pull up a list of 9,000 properties for sale, in my area, which include foreclosures, for sale by owners, agent listings - pretty much the soup to nuts of everything for sale in my area.  Ok, so basically, the current Multiple Listing Service plus for sale by owner.  Something I can access for FREE, as well as my customers.

The cost? For the first 30 days, I only pay for the shipping and handling which is $1.95. Every week thereafter,  if I do not cancel, I'm charged $9.95 a week.  

Ok, so let's do the math: $9.95 a week x 4 weeks =$39.80 a month.

Save yourself the money, and work with a Realtor - Realtors are experts in the neighborhoods you are interested in, and can help you make a solid investment.    As a buyer, you do not pay for a Realtor to work with you, other than a mutual commitment.  Realtors are paid by the property sellers in our area of Northeast Florida.

Realtors experience and guidance = PRICELESS

Carol Zingone is a Broker Associate with a 100% Customer Satisfaction Rating in Jacksonville Beach, FL with Vanguard GMAC.  She helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. She can be reached at 904/993-9048 or via email at

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Carol Zingone is a full service Broker Associate proudly affiliated with Berkshire Hathaway HomeServices Florida Network Realty in Atlantic Beach, FL.  I help buyers and sellers locally, regionally, and internationally.  With hundreds of happy buyers and sellers over the course of my career, I'm thrilled to help first time buyers, military buyers, seniors, investors, 1031 exchange properties, short sales and REO's.  I have spent hours honing my expertise, including the designations of: Graduate Realtor Institute (GRI), Loss Mitigation Certification (LMC) , Short Sales, Foreclosures, REO's, (SFR), and Senior Real Estate Specialist (SRES).  I pride myself on providing excellent expertise to all buyers and sellers. Search the MLS via  for Jacksonville and area listings!



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Jeffrey and Courtney Morris

Trying to find propertiesfor like 20,000 in Clearwater, Fl. THANK YOU

Jan 21, 2009 09:50 AM #1
Thanks so much for this posting. I was wondering about this commercial!
Feb 21, 2009 04:33 PM #2

They are still playing that same commercial, but in California now...  I'm glad I do my research before calling anyone.  If it seems to good to be true, it usually it. 

Jul 13, 2009 09:30 AM #3

It is now $12.45 a week.... or $49.80/month.  I knew there was a catch.

Aug 26, 2009 06:48 AM #4
t roc

help me out why people in the business of making money, do not, i pay 700 a month in rent and been doing that for 5 yrs and that is 42.000 so far but i can not get a mortgage for a forclosure home that is only about 25.000 because i do not have the credit. if you sell homes sell them just like rent they get behind u put the out and get another tenant. mortgage are the same some one help me out is there anyone that can take my money and put it into a foreclosure home.i do not have 20.000 in cash

Sep 03, 2009 02:03 PM #5
Carol Zingone

T Roc,

I feel for you and your situation.  First, you need to establish some credit.  If you can get a credit card, do so, and use it responsibly so you can create a credit history.  There are lenders that will consider your rent payment as an alternative form of credit, in addition to other recurring monthly payments.  The second part of the equation is your recurring monthly income.  The third part is the condition of the foreclosed property you are interested in; some may qualify for a rehab loan, and some may not.

Get with a local Realtor. Interview 3 and tell them what you are looking for, and work with the one you feel the most comfortable with. 

Good luck, and let me know how it works out!

Sep 04, 2009 12:36 AM #6
Mark Boyd
MarQeteer - Lancaster, PA

Carol, I just love this post and will be linking to it from my RE blog.   I didn't realize the commercial had been out for nearly a year now.  I've been hearing it with the frequency of pop-songs-via-payola-in-the-1960's on ESPN radio the past couple of weeks and, at the age of 42, I'm embarrassed to say I actually yelled at my radio when I heard it first.  lol

What really bothers me are the lines "Short sales and foreclosures are at an alltime high, and that means great deals for you" and "Houses that have gone to foreclosure are a real bargain."   Man, that line alone just makes my blood boil.  It turns homes into a price point, which creates new frustrations for agents.

All the talk in the commercial leads one to believe (if one doesn't know better) that these homes are cheap and ready to move into.  Not once does it say "Houses that have gone to foreclosure have sometimes been abandoned and may need quite a bit of fixing up."  Nor does it ever say "Never mind the mold and mildew."

Thank you for a great post and opinion.  One that I believe warrants revisiting for 2010.



Dec 14, 2009 05:58 AM #7
seattle broker

Realtor (Board of Realtor member) is a bad word no matter how it is pronounced! Your group is the most unethical bunch ever. Who would be silly enough to pay money annually to be connected to those bozo's?

1. The try to get innocent agents to take theri designation classes. They do not disclsoe the fact that each year after that you must pay additional dues for the designation. There is not an ounce of ethics in disception!

2. The VP at Realtors solicited an employee from one of thier own realtor offices. Broker was ticked ... is that ethical?

3. They pay remax to keep all their offices as realtor members. Did you know that is where your money real goes .. payoola!!!

4. Our favorite now. Pay or we will sue our own NAR members. Yes, the sue their current and past members to extort money. Imagine that? Are you proud yet?

Wake up and spell realtor like all us x-realtors ... U N I O N ... OR ... M A F I A!!!

Mar 22, 2010 05:51 PM #8
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Carol Zingone

Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
Questions About FL, Beaches Homes? Ask Me!
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