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-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. June Piper-Brandon 05/11/2013 03:41 PM
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Ambassador
1,693,771
Margaret Rome, Baltimore Maryland
HomeRome Realty - Baltimore, MD
Sell Your Home With Margaret Rome

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 #1
Rainmaker
264,472
Julie A. Black
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker

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 #2
Rainmaker
668,541
June Piper-Brandon
Century 21 New Millenium - Baltimore, MD
Piecing Dreams One Home at a Time

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 #3
Rainer
120,557
Merline D Pennant - New homes, Short Sales and Pre-foreclosures
Regal Realty of the Treasure Coast LLC - Port St Lucie, FL
New City, New Towns, New homes

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 #4
Rainmaker
850,609
Fred Carver-Top Realtor Victoria, BC
Re/Max Camosun Victoria BC Real Estate - Victoria, BC
Accredited Victoria BC Real Estate Consultant

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

Cheers

May 11, 2013 06:43 PM #5
Ambassador
831,823
Fred Griffin
Frederick Griffin, Licensed Real Estate Broker - Tallahassee, FL
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 #6
Ambassador
1,903,780
Nestor & Katerina Gasset
International Properties and Investments LLC - Wellington, FL
Realtors, Wellington Florida Homes For Sale

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 #7
Ambassador
1,903,780
Nestor & Katerina Gasset
International Properties and Investments LLC - Wellington, FL
Realtors, Wellington Florida Homes For Sale

June- Thank you for the reblog! 

May 11, 2013 08:31 PM #8
Rainmaker
1,091,120
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

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 #9
Rainmaker
427,323
Jim Patton
Century 21 M&M - 209-633-2839 - Turlock, CA
Realtor - Stanislaus & Merced county Realtor.

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 #10
Ambassador
1,903,780
Nestor & Katerina Gasset
International Properties and Investments LLC - Wellington, FL
Realtors, Wellington Florida Homes For Sale

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 #11
Ambassador
1,903,780
Nestor & Katerina Gasset
International Properties and Investments LLC - Wellington, FL
Realtors, Wellington Florida Homes For Sale

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 #12
Rainer
61,870
Virginia (Ginger) Schott
Century 21 Geba Realty Assoc. - Port Jervis, NY
Assoc. Broker, CBR, CHMS

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!

Jun 22, 2013 01:03 PM #13
Rainmaker
1,920,122
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for the advice.

Jul 10, 2013 04:05 AM #14
Rainmaker
132,973
Liane Thomas - Corona & Riverside Real Estate
The Jet Team, Allison James Estates & Homes - Corona, CA
Bringing you Home!

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!

Jul 17, 2013 05:58 PM #15
Rainmaker
1,920,122
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

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

Sep 16, 2013 04:18 AM #16
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Ambassador
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Nestor & Katerina Gasset

Realtors, Wellington Florida Homes For Sale
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