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I just received a call from a representative from Absolute REO Solutions. There is a $295 fee associated with their 'service'. Does anyone know if this is legit or if it's a scam? I'd hate to throw away nearly 300 bucks.

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Just adding to the posts about Absolute REO. 

I received a call today from "Arthur", and "asset manager" with Absolute REO.  He stated they just got a new account with Wells Fargo and he needed agents in my area of Dallas, TX.  I was driving when I spoke to him, so I told him I would have to get back with him to submit payment. However, he became pushy about the fee and suggested I pull over and give him payment.  I decided instead to wait and get home to check REOpro for any info about them...and man oh man did I dodge a bullet!!!  Thanks to everyone for all your posts.  All of you have saved me $300!

People SAVE your money... Arthur has called me and all I wanted was three references who has received proeprties on their Wells Fargo account and they couldnt even do that!!!  Wells Fargo does not have an account with them or they would have given references freely and they wouldnt have to survive on $295. from brokers.
Dang they called me again persistent little marketers next time I will say that REOPRO forum says they are not good see the forum LOL

The Email they sent me:

Thank you for taking the time to speak to us regarding ABSREO, Inc. While it is unfortunate that we will not be able to have you on our team at this time, we do invite you to visit our website at www.absreo.com as we will be constantly adding services and coverage areas in the future.

Should you business interests change in the future, and you have any interest in the future to join our team of experienced Realtors, or have any general questions, please do not hesitate to contact us by e-mail at info@absreo.com or by phone at (888) 771-9222. We are here to service you from 9:00 A.M. until 9:00 P.M. CST, Monday through Friday.

THANK YOU ALL!  They called me yesterday afternoon.  I refused to give credit card info over the phone and told them I would call them today.  I googled absreo.com and found this thread and this group.  You have saved me $300 and more gray hair!

 

From their website I clicked on the BBB indicator and found this...

 

Find out more about Absolute REO Solutions, Inc.:

 

 


BBB Accreditation

On April 22, 2011 the accreditation was suspended due to failure to respond to one or more customer complaints filed with the BBB and failure to eliminate the underlying cause of complaints on file with the BBB. The matter will be reviewed by the BBB's Board of Directors at its next meeting.

 

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BBB Rating for Absolute REO Solutions, Inc.

This business has no rating at this time because BBB file information is being reviewed and/or updated.

Click here for an explanation of BBB Ratings

 

Pasted from a href="http://www.bbb.org/chicago/business-reviews/financial-services/absolute-reo-solutions-in-chicago-il-88364117">http://www.bbb.org/chicago/business-reviews/financial-services/abso...;

 

 

Thanks again and good luck to all!

Here's a good one about Absolute REO.  Just got a call today "to let me know that a new asset that is in pre-foreclosure, with a very high likelihood of becoming REO, came up in my zip code."  I was told it was very time-sensitive and I would need to be available first thing Monday morning to take action.  Also was told that asset assignments were up 34% in my zip code over last year (which by the way, was ONE unit last year - they told me they only had one all year).  So, was told they really want me for their team, and was asked about how I would market the property to get it sold as quickly as possible (felt like I was being interviewed).  Then came the 'hook' when he asked for the $295 set-up charge to get started with them.  What a crock.  Meanwhile, as he was talking to me, I was signing in to REOPRO and checked on Absolute REO, only to find that they are still not delivering what they promise.  Thank you REOPRO for providing the info.  The end of our conversation went like this: ME - "I read on REOPRO that you guys are not delivering listings, or even bpo's in most cases",  HIM - "Uh-uh-uh", ME - "so, I will be glad to work on any assets you can give me, but, I don't pay upfront fees.  See, most of the time an upfront fee is just a scam.  You aren't trying to scam me, are you?."  HIM - "I"m sorry we can't work together...."dialtone

I got a call a couple of days ago.  I let him tell me that there was definitely a REO listing in my zip code and that if I would just sign up I would get it.  I told him I knew all about them from the blogs and he said you can't believe the blogs that everyone was out to get them.  I told him give me the listing and I will double the $295 to them.  He hung up.  I am glad we are all protecting eachother on these sites.

 

Mike, there are so many crocks in this business now and only if we bring them to these forums like REOPRO, many real estate agents will save their Realtor's dues. You would not believe, half of the people left Realtors Association in many areas because they can't afford to pay their annual dues. And all this money is draining out to fraud REO companies. I like your question “You aren't trying to scam me, are you?”
I got a call yesterday, same ol' story. They have a (fake) BPO and wanted to get me signed up for REO's. I can't believe they are still in business. They need to be in jail for fraud. The guy on the phone said he was from AREO or something so I kept trying to get him to say the whole name and when he said Absolute REO Solutions I told him I found from blogs what they were about. He hung up on me at that point, I didn't even have to hang up on him. It's so sad Realtors are still signing up with them and are being scammed. Money is tight and they are robbing us.
I just got the call today also....telling me they have listings in my area.   The same old do the bpo and you will get the listing.   They talk with you like you are new to reo and have not receive listings before.    They really prey on the poor new agents whom do not know better....

Glad you didn't fall for their Bait:)

 

Has anyone ever received a listing from them?

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