Beware of BankerREO | FootprintsRE- Scams against Real Estate Agents

By
Real Estate Agent with International Properties and Investments LLC
http://actvra.in/VDY

Beware of BankerREO | FootprintsRE- Scams against Real Estate Agents

The complaints are in the dozens against BankerREO.

Just google them to see all the complaints against them. Mike Linkenauger who owns Short Sale Specialist Network sent out an email with evidence that FootprintsRE is the same company that BankerREO was. 

They are just out to scam you out of your money.

Beware of these kinds of companies that promise to get you REO assets to list. Check out the phone numbers they are calling your from. Do your due diligence before turning over your money to them.

They call you on the phone and tell you that you can have your city as an exclusive area to do REO listings in for $349. Don't give them your money! 

The REO business is not easy to get into. Asset managers from REO companies most often do not solicit you! They have plenty of agents to give their assets to. Please don't fall for these "too good to be true" stories. 

Mike created a video about the proof that FootprintsRE is the same company as BankerREO.Here is the video:  

You can follow the video to see that through a google cache this is the exact same company, just with a different name. In fact, when you look at the websites, they are exactly the same except they changed their banner. 

Please help this go viral. Please post on your facebook page, google plus page and linkedin.  Reblog this blog. Write a post about this and add the video. Link to the video. Help stop this scam. When writing about them, don't give them link juice. 

Please join the linkedin group to help get them shut down - http://www.linkedin.com/groups/BankerREO-FRAUD-453562

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Re-Bloggged 1 time:

Re-Blogged By Re-Blogged At
  1. June Piper-Brandon 05/11/2013 03:41 PM
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Topic:
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footprintsre scam alert
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Comments 16 New Comment

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Ambassador
1,656,768
Margaret Rome, Baltimore Maryland
Sell Your Home With Margaret Rome
Broker/ Owner HomeRome Realty-Author "Real Estate the Rome Way" 410-530-2400

Thanks for sharing this important information. Hope this helps agents NOT  believe these scammers.  Beware and do not send money!

May 11, 2013 03:33 PM
Rainmaker
257,151
Julie A. Black
CLHMS, CRS, GRI, Realtor, Broker
KAUAI DREAMS REALTY Kauai Real Property Specialist

Unfortunately there are many companies that have been trying to profit by pretending to be an asset management company.  I have not heard about these particular companies but I do a lot of REO and the assignments all come from the banks directly or reputable sights such as Equator or RESNET.

May 11, 2013 03:37 PM
Rainmaker
644,441
June Piper-Brandon
Piecing Dreams One Home at a Time
Century 21 New Millenium

This is so true.  I fell for it, I got a BPO for which I did get paid $75 for but I paid the $349 and nothing after the $75 and they haven't returned my calls either.  I just chalked it up to bad business. 

May 11, 2013 03:39 PM
Rainer
120,136
Merline D Pennant - New homes, Short Sales and Pre-foreclosures
New City, New Towns, New homes
Regal Realty of the Treasure Coast LLC

I was scammed too.  Paid $349 and did 3 bpos which I never got paid for. They are crooks and need to be stopped.

May 11, 2013 03:59 PM
Rainmaker
833,538
Fred Carver-Top Realtor Victoria, BC
Accredited Victoria BC Real Estate Consultant
Re/Max Camosun Victoria BC Real Estate

Hi Katerina...I'm sure the Realtors here in the Rain appreciate your heads up Warning.

Cheers

May 11, 2013 06:43 PM
Ambassador
775,018
Fred Griffin, Tallahassee Real Estate Broker. Buyer Brokerage and Flat Fee MLS
Tallahassee Florida Real Estate: Call 850-339-4861
Frederick Griffin, Licensed Real Estate Broker

"The REO business is not easy to get into. Asset managers from REO companies most often do not solicit you! They have plenty of agents to give their assets to." 

     That says it best, Katerina!

May 11, 2013 08:04 PM
Ambassador
1,848,672
Nestor & Katerina Gasset
Realtors, Wellington Florida Homes For Sale
International Properties and Investments LLC

Fred- Thank you. It is the truth.. I consult some very big REO brokers and know their business model very well and where they get the assets from. It is not from these companies calling them like this one does. 

May 11, 2013 08:30 PM
Ambassador
1,848,672
Nestor & Katerina Gasset
Realtors, Wellington Florida Homes For Sale
International Properties and Investments LLC

June- Thank you for the reblog! 

May 11, 2013 08:31 PM
Rainmaker
1,050,332
Ginny Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

Katerina, I scratch my head how knowledgeable agents fall for these scams...always do your due diligence...will pass it on.

May 12, 2013 03:42 AM
Rainmaker
419,611
Jim Patton
Realtor - Stanislaus & Merced county Realtor.
Century 21 M&M - 209-633-2839

Katerina - I have gotten tons of emails from this company. I have tried unsubscribing from them but I keep getting them.  I just hit delete, no way they were going to get any of my money.

May 12, 2013 02:45 PM
Ambassador
1,848,672
Nestor & Katerina Gasset
Realtors, Wellington Florida Homes For Sale
International Properties and Investments LLC

Ginny- Too trusting on the one hand, too hopeful on another but most of all too naive. That is very sad. 

Jim- Ordinarally I just hit the delete button when I can not seem to unsubscribe from a business. But these people are not running a business they are running a scam. So for them, in this rare instance, I would report them as spam. I don't like to do that to others because it is a really serious offense but since they are already operating illegally by theft of agent's funds, it may be another way to get them to stop. 

May 13, 2013 02:40 AM
Ambassador
1,848,672
Nestor & Katerina Gasset
Realtors, Wellington Florida Homes For Sale
International Properties and Investments LLC

Margaret- I hope so too. 

Fred- I hope that agents everywhere will do their due diligence first before turning over their money to these kinds of companies. 

Merline- The one thing that agents need to understand is that there are so many REO agents- the REO business is down and that most of the asset managers have waiting lists of agents who want assets to list. It is highly unlikely that a company is going to be able to get an agent assets without going through the regular channels. 

Julie- Yes, you are right. Most assets come directly from the source and equator and such, but also, most REOs also require agents to go through steps and application processes such as fannie and freddie do. 

May 13, 2013 02:45 AM
Rainer
61,870
Virginia (Ginger) Schott
Assoc. Broker, CBR, CHMS
Century 21 Geba Realty Assoc.

Thank you, Thank you, Thank you.  They have been  trying to reach me all week.  I just Googled them and saw your blog.  Thank you!

June 22, 2013 01:03 PM
Rainmaker
1,840,365
Gita Bantwal
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
RE/MAX Centre Realtors

Thank you for the advice.

July 10, 2013 04:05 AM
Rainmaker
132,587
Liane Thomas - Corona & Riverside Real Estate
Bringing you Home!
The Jet Team, Keller Williams Realty, Corona Real Estate

Thank you for sharing. They called me today and I was on the fence until I read this. I fell for BankerReo, not gonna fall for this one, too. Thank you!

July 17, 2013 05:58 PM
Rainmaker
1,840,365
Gita Bantwal
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
RE/MAX Centre Realtors

I just received an email from them yesterday saying they have a referral in my town. Thank you for the reminder.

September 16, 2013 04:18 AM
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Ambassador
1,848,672

Nestor & Katerina Gasset

Realtors, Wellington Florida Homes For Sale
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