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Who has worked with Team Lear asset management Company in Colorado?

Started by BAYO OSHINNAIYE :

Who knows "Team Lear" as asset management company: I received a call today from an Asset Management Company "Teamlear" from Colorado. The spokes person, Ms. Jordan claim she is the asset Manager, that she wants me to do BPO for her company and that all the BPO's l do will result in REO which l will be listing for them. She furher said that she will be requesting me to deposit $400 for the home maintanace, a one time fee. Then l will pay $54.00 for the software to use for their program. I do not belief her, but has anyone heard about this company or did any business with them? I know am not paying any money to them.

Are they fraud or real? They have a website: www.teamlear.com

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Thank you. Much appreciated. Have a great day!

Be careful!!!! If Chris Ellen, Krystal or Clerance call you from this company, they call their self asset managers and send a recruit REO agent e-mail as below It was great speaking with you about the distressed properties I have available in your area. Per our previous conversation, here is a little information we discussed about receiving property listings and working with me as your asset manager.

My lenders requested working directly with you as an Broker/Agent to help assist them with listing their REO properties. I work directly with major and minor banks, credit unions, lending institutions and private investors over all 50 states. The lender on this property is looking for 3 things: a BPO to best determine the market value on the property, the current occupancy status which will help determine how soon the property can be listed, and an agent to list and market the property.

If you complete these BPO's within the time requested by the lender and it is priced accurately, you can be assured to receive these as listings when the lender takes back ownership of them. We have a team that reviews the BPO once you submit it online to make sure they are completed accurately, so be assured that we work with you and we aggressively market you as the exclusive agent.

As of now, Team Lear has a property that is in distress that requires preliminary work to be done. A BPO is required to satisfy the lender with the necessary information needed from you to determine the Market Value of the subject property. A solid BPO should be provided within 48-72 hours for assurance of the listing once ownership has shifted hands from the homeowner to the lender. Properties that are provided to you are expected to be your exclusive properties to list, market, and sell for the lenders in your area. Our lenders pay out a 6% commission to you upon closing of these properties, and we don't take any referral fees or commission splits.

Team Lear's proprietary default property management software has been built to improve performance and efficiency while streamlining the foreclosure process. The lenders access the software to view Agents/Brokers submitted BPO assignments and see who services different areas to provide you with property listings, cash for key, and re-key assignments. Our platform will also be used to send you subsequent assignments. The preferred online portal to use for all our lending institutions is a proprietary system at www.teamlear.com. The software is only accessible via Google Chrome, Firefox, or Safari. If you have any questions or concerns, please be sure to contact me via email or phone.

There is a one time deposit that you would be responsible for of $449.00 which is put towards the property preservation and management on your first listing that helps assist us with the initial costs which you would be reimbursed to you upon listing of the property. We put up the remaining costs on that first listing and all others that you would receive from us. It is not a reoccurring charge. We guarantee that you will receive at least 3 listings with us in the first 12 months, and if for any reason that doesn't happen, you are eligible for a full refund of the $449.


Consequently, I'd also like to take the opportunity to illustrate what you can expect from me as your Asset Manager:

A direct point of contact Monday - Friday 8:00 am - 4:30 pm MDT
Handle all tasks associated with managing the properties including: cash-for- keys, evictions, trash-outs, re-keys, inspections, repairs, general maintenance work, utility coverage, and emergency maintenance.
Full access to our online portal at www.teamlear.com
Access to our Customer Support Team, if I am not currently available
Tools used to market you (as the agent/broker) back to our lender(s)
I look forward to partnering with you!
Ask for references!!! They have nothing to provide....
Check the assigned property, must of the times that asset is not even in distress.
Ask, ask and ask and you will see they end up hang up on you, since they don't have a response for all your questions.

hello 

 the owner just call me Mr Tom Miller

He said that they are not an Scam 

 sorry 

apologies

He called me too. Can you believe a company that has the time to go through the blogs trying to fix their reviews. There must be something fishy about that. I am sorry but dont trust them. If you want to gamble with a company like teamlear.

They asked me to pay 400 for connection of utilities. Now he said they are a new company and these are pre-foreclosures. Which means there is no utilities to connect since these homes are still occupied and there is no guaranteed they will go into foreclosure. He even threaten to put all of the agents into a lender/ asset manager blog to let them know that we are saying incorrect things about their company. Really??? 

Go ahead. I will admit I am wrong when you proof you are legit. On the mean time I will stand with the REO professionals that dislike companies that try to take advantage of us. There are several and so far you have not a single one REO in your system or business reference.

New asset management companies go to great lengths to promote themselves to lenders by getting promo pieces in newspapers and newsletters like Mortgage Servicing News and National Mortgage News. I haven't seen anything about Team Lear.  

They also go to and sponsor conferences like 5 Star and NRBA.   None of these companies who request this upfront expense fee has ever done this. 

Just got my first Team Lear message. That's about all I could understand.   But here's the thing. The call came from my DO NOT ANSWER contact list. So the number is actually the same as IREO PRO.  That company developed a bad rep and used the same tactics and fee structure. Wonder where they went?   They simply became Team Lear. Proof positive that they are the same company. 

ireopro? That is the scam company I'm trying to get my $400 back from. So far they are not returning my call. I've heard some people have gotten it back upon request, so that is the first route for me. If that doesn't work, I can dispute with my credit card company and get the money back that way. Very interesting that happened. That pretty much cements it for me. ireopro is no good and if it is the same company in disguise Team Lear is no good. 

I just checked the numbers I have. Team Lear is in Colorado and ireopro is in Delaware.

I just received a call from Laurie Cooper from Lear Asset Management or Team Lear Disposition. 

Her number is 720.515.7037 x217

She stated that REO Dynamics has been calling agents to scam. 

She is looking for someone to complete BPO and will assign the asset to me. 

She walked me through the website; teamlear.com

This website actually showed the property address and i accepted...

After reading REO Pro blogs about this company, I told her that i have to call her back.

Does anyone know or heard of this company?

Sarah, you may be our first test to see if they are legit. If I get my $400 back from the other company, I thought I'd try Team Lear. Did you pay them the money?

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