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I want to give an update on my experience with this company. I was called and "interviewed" to determine if I would work for them as a listing agent for REO's in my area. I spoke to Kevin Donnelly. He gave me a property to complete a BPO. The property was indeed in default. Donnelly said I needed to pay $399 to access their platform. I did. He also said the property would be going to sale in two weeks at which time it would become my listing. Two weeks later the property became a HUD home. With another agent. I called him back. He said "they must not have gotten that one". But there would be others. I googled their company and it appears they are located in a strip mall in Glenview, Ill. Because of my initial post on this site, I began getting calls from other agents in the area that were receiving the same calls from this company. I cannot find anything on these guys anywhere. They sent a one page contract that was very superficial compared to the REO/Asset management companies with which I have worked in the past. I called my credit card company and cancelled the payment. If anyone has had a different experience with Fleetwood Partners, please let me know. If you have been contacted by them, let's talk.
Thanks Kristine. Have you had or know of someone that has had first hand info on them? I would like to report them to the BBB where they seem to have registered themselves.
I just received a call from them also offering me 10 zip codes in Metro Denver. A one time fee of $395. They appear to be brand new and the guy I spoke with had only been with them for 2.5 weeks. He gave me an address of a property in Arvada which is in pre-foreclosure, said they don't pay for the exterior BPO or interior BPO, but give you the listing as long as the property isn't sold at auction. It just doesn't feel right, so I've turned them down. Still, I'm not positive it's a scam?
UPDATE: I recd an email from a previous employee of this company. I have corrected her grammar but nothing else was edited. She asked me to keep it anonymous:
I've been doing REO for 22 years, my experience is any company charging upfront fees for promises of future listings will not be legitimate.
That is probably the numero uno best advice on this entire website. I f you have to pay them then they have nothing to give you.
Thank you so much for these posts. I just got a call yesterday and told the person I had to do some research first. And here you are. THANK YOU for saving my credit card.
You are very welcome.....I hope others will complete their due diligence and make the correct decision for themselves.
I decided not to sign up with them because their website was brand new (just registered) - after telling me it has been operational for a couple years. Their BBB account was brand new. Their address didn't jive. Looked like a scam to me.
This sounds very much like Team Lear....who looks like they are out of Colorado (where they rented a virtual office), but in reality, they are out of Ill.
As stated before, any company who asks for upfront money to do REOs is not legitimate.
Team Lear is a long-time scamming company and has used the names; REO PRO Corp / LDG (Lear Dispositions Group) / iREO Pro / FootPrints / ABS / Banker REO