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Norberto Villanueva, Your Friend in Real Estate (Atlas Real Estate Group)

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Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Run. They should not need your credit card and you will likely never see a closing.

Feb 06, 2018 10:17 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

DON'T DO IT. There are so many scam companies out. A legitimate asset company won't ask you for money. 

Feb 06, 2018 08:48 PM
Ambassador
3,349,554
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I do not. Never heard of the company.  Whatever you do get their "deal" in writing and be prepared to lose it.  They have bigger pockets than you do, I would imagine, and fighting them to get the money they owe you will be time-consuming and costly. 

Feb 06, 2018 07:41 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

NO NO and NO as there is NO reason to give them a credit card. Preservation when done correctly, is either managed by the agent who pays their own vendors knowing first hand the work is done. If it is a national preservation, the company pays them direct not the agent. Preservation is never reimbursed on the HUD ever

Feb 07, 2018 05:29 AM
Rainmaker
1,056,432
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

You should not have to provide a CC for consideration to list REOs. EVER!
I've listed dozens upon dozens of them and never had to pay a dime. EXCEPT when, long ago, I spent money on 5 Star Certification (Google it) that generated no listings.
To get REO listings, you have to establish a relationship with the asset managers for the banks you want to work with.
Learn from my mistake and keep your credit card in your wallet. (I should be listening to my own advice when it comes to shopping. LOL)

Feb 07, 2018 03:10 AM
Ambassador
6,418,755
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

First I would not work for one of these reo outfits

Second, anyone who asks for a credit card for me to work for them is not likely to get a good response from me.

Feb 06, 2018 09:27 PM
Rainmaker
679,404
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I'm sorry.  I have not heard of them.

They say you need "deep pockets" to handle those types of transactions.

Feb 06, 2018 06:54 PM
Ambassador
2,684,669
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

       I would be very hesitant to give my CC to people who contacted me.  If you proceed, I would suggest using a throw-away credit card that cannot be charged monthly.

Feb 06, 2018 05:32 PM
Rainmaker
1,847,051
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Hmm, seems like they are looking for someone to fund the repairs which should be them! It's their asset. They are asking you to be their bank & I wouldn't send it unless you find others that are working with them.

When working REO's you do have to cover the costs yourself until close.

Feb 07, 2018 05:33 AM
Rainmaker
716,032
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

No.  Doesn't sound like a win/win proposition at all!

Feb 06, 2018 08:09 PM
Rainmaker
5,772,587
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Norberto,

No I have not, and I would ask for a reference. A

Feb 06, 2018 06:59 PM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Norberto Villanueva Save your money!!! Red Flag!

Feb 07, 2018 06:21 AM
Rainmaker
5,240,021
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I do not advance fees for these types of operations. They are not going to profit on my dime!

Feb 07, 2018 05:50 AM
Rainmaker
2,221,377
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not Norberto Villanueva 

Feb 07, 2018 04:59 AM
Rainmaker
1,386,774
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Homes

Never heard of this company. I would be very cautious. 

Feb 07, 2018 02:41 AM
Rainmaker
4,272,934
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Not as of yet and I do BPOs

Feb 06, 2018 05:22 PM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Sorry, I don't.

Feb 07, 2018 06:11 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

no thanks!

Feb 07, 2018 05:52 AM
Rainmaker
7,864,157
Roy Kelley
Retired - Gaithersburg, MD

Nope.

 

Feb 07, 2018 05:50 AM
Rainmaker
2,192,058
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

new to me

Feb 07, 2018 03:31 AM
Rainmaker
4,319,773
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Norberto Villanueva - not yet.

Feb 06, 2018 11:30 PM
Rainmaker
4,901,858
Richard Weeks
Dallas, TX
REALTOR®, Broker

Never use them

Feb 06, 2018 05:28 PM
Rainmaker
2,071,025
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

You have many great answers here

Oct 09, 2018 02:46 PM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

I looked at the questions asked before and this one has a lot of great anwers.

Oct 09, 2018 02:44 PM
Rainmaker
5,877,905
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Have not heard of them.

Feb 10, 2018 11:06 AM
Rainer
6,550
Norberto Villanueva
Atlas Real Estate Group - Colorado Springs, CO
Your Friend in Real Estate

Immediately after posting this topic, I wrote the representative to with my findings, being no state registration and that the address provided was the same as a Regus facility (and suite) with no response. Of course, I wouldn't have engaged regardless, after determining the credit card upfront was unheard of based on your responses. Thanks for the valued feedback. 

Feb 09, 2018 07:10 AM
Rainmaker
1,624,853
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

No, I do not..

Feb 07, 2018 11:20 PM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have heard the name but nothing good

Feb 07, 2018 02:39 PM
Rainmaker
1,506,163
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Sorry, none here.

Feb 07, 2018 08:46 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no, I have not had any experience with them...

Feb 07, 2018 08:41 AM
Rainmaker
902,038
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

No, but I wouldn't pay anything upfront. My general attitude is: if they are so confident I will succeed based on their system (or whatever they're pushing), they should trust me to pay them out of my first sale when it happens! 

Feb 07, 2018 07:23 AM
Ambassador
5,254,675
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

No and don't do it, Norbeto! Earn your business the old fashioned way - by people...referrals!

Feb 07, 2018 06:43 AM
Rainmaker
1,712,776
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I used to do BPOs but have never been asked for upfront cost.

Feb 07, 2018 05:05 AM
Rainmaker
5,113,121
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

No clue... it's not a business I do.

Feb 07, 2018 04:18 AM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Feb 07, 2018 03:41 AM