Received a call today from this outfit pitching their search for an EXCLUSIVE agent to refer their REO home buyer leads to. Of course, they always save the kicker for last.....$295.00 per month fee. As they say in the TV program, America's Most Wanted,....BOLO for these guys.

They are scammers, stay away from them! I was tricked into their application process, and then got a call from their marketing department regarding membership fees. I told them not to call me again, they don't have anything to do with HUD listing at all.

I can not believe they still have companies trying to extort money in 2011. I mean I was ambitious and paid for companies to get listing in 2008 and 2009 before the government action and moratoriums. But have refused to pay in 2010 and 2011.

Low and behold. Although inventory is no where near my 2007, 2008 level, the listings I do have are from companies that you do not have to pay anything. For me it is lesson learned!

Extort is the wrong word fraudulently, deceptively steal is better. No one put a gun to my head and made me sign up with these scammer. They just promised the world and I naively believed them because I wanted to be in the REO game. Most of them knew they could not deliver on listing when they swiped my credit card.

I find when someone like that seeks me out to sell me leads, it's always a waste of $$$