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I average about 3 short sale appointments a week with an average pipeline of 30+ short sale contracts and have never heard of this company or have i found much information on the people they promote on their website. Scam????
Jeremy,
No need to get so defensive unless of you have a vested interest, then I cant blame you. Please note that I was simply posing a question since there are so many SCAMS involving short sales you cant blame me/us for being skeptical especially after searching on google and asking most of my Negotiators on the banks side with none having heard of your company I mean Program 3648. anyways please note the community is here to help navigate short sales and help each other not for any type of self promotion.
VIctor T. Gurrola said:Jeremy,
No need to get so defensive unless of you have a vested interest, then I cant blame you. Please note that I was simply posing a question since there are so many SCAMS involving short sales you cant blame me/us for being skeptical especially after searching on google and asking most of my Negotiators on the banks side with none having heard of your company I mean Program 3648. anyways please note the community is here to help navigate short sales and help each other not for any type of self promotion.
Well Victor, I have never heard of you, are you a scam? You are right though, this web site is for helping our professional industry to do our job in aiding our clients. Short sales are enough trauma for any home owner and we need to focus on all ways to get them done. Just because we have never heard of a new company, we should investigate and not so quickly condemn. it may be an answer to a problem. True there are many scams but I encourage you to seek further. By the way, are you familiar with the bill H.R.3648 passed by congress in 2007?
VIctor T. Gurrola said:VIctor T. Gurrola said:Jeremy,
No need to get so defensive unless of you have a vested interest, then I cant blame you. Please note that I was simply posing a question since there are so many SCAMS involving short sales you cant blame me/us for being skeptical especially after searching on google and asking most of my Negotiators on the banks side with none having heard of your company I mean Program 3648. anyways please note the community is here to help navigate short sales and help each other not for any type of self promotion.
Sarah, I started using the program a few years ago when I originally obtained my real estate license. I consistently averaged betwen 30-45 short sale listings and had a great success rate. I was awarded Rookie of the year of Coldwell Banker in my state and have since then received a Gold Award annually. I could not have been this successful as a new agent three years ago without the help of Program3648. I have recently been assisting the company with doing some training. Hope this helps. R. Fenwick
This program looks great! However, I tried to sign up and it is closed. Any ideas? Thanks!
Rhonda Fenwick said:Sarah, I started using the program a few years ago when I originally obtained my real estate license. I consistently averaged betwen 30-45 short sale listings and had a great success rate. I was awarded Rookie of the year of Coldwell Banker in my state and have since then received a Gold Award annually. I could not have been this successful as a new agent three years ago without the help of Program3648. I have recently been assisting the company with doing some training. Hope this helps. R. Fenwick
Hi Kim,
This is just a suggestion but if the county you're in is full, do you want to explore another county that borders yours?
If that doesn't work or is full too, I would go to the county sheriff's office where you live and ask them how to get sheriff's sale information for properties that have gone to sale (depending on your redemption period, ours is 6 months so we have plenty of time). I would also look at what papers publish Public Notice of sheriff's sale, which should give you more time.
Then you door knock the addresses with the tax record in hand so you can confirm who the owners are and just tell them who you are and that you're there to help. People will put you off at first but keep asking them questions and they usually open up since they want to tell their story. If they understand you care and are really there to help, you'll get lots of listings. I would also suggest the SFR designation and definitely the CDPE designation and then you may want to align yourself with an outside negotiating team that includes an attorney. This will take liability off your plate and will also give your clients access to legal counsel.
Probably more than you wanted to hear but take what you like and throw away the rest!
Kim Carlson said:This program looks great! However, I tried to sign up and it is closed. Any ideas? Thanks!
Rhonda Fenwick said:Sarah, I started using the program a few years ago when I originally obtained my real estate license. I consistently averaged betwen 30-45 short sale listings and had a great success rate. I was awarded Rookie of the year of Coldwell Banker in my state and have since then received a Gold Award annually. I could not have been this successful as a new agent three years ago without the help of Program3648. I have recently been assisting the company with doing some training. Hope this helps. R. Fenwick
Let me wrap my head around this.
An agent pays a company for 30-90 day late mortage leads $200 month?
Gets a distressed homeowner who wants to sell and then brings that lead to Program 3648?
So what happens then? Does 3648 get paid again to negotiate?
Are they buyers?
You can buy 30-90 day late leads for a lot less than $200 a month.
So you do all the work AND pay THEM?
So they CERTIFY agents to help homeowners? Certify them in what? Who certifies them?
They formed their "assumed name" in 11/09 and are registered as a "for profit" LLC according to the Kentucky Secretary of State.
http://www.ripoffreport.com/Realtors/BGS3-Program3648/bgs3-program3...
http://activerain.com/blogsview/1517478/seven-red-flags-about-progr...
"But the weird twist is the listing agent somehow charges the short sale buyer 1% of the sales price and makes the buyer pay its negotiation fee, 20% of which is rebated to the listing agent. Why would a buyer agree to pay a commission of 1% to the listing agent and the listing agent's third-party negotiator? #7 red flag."
Their opening paragraphs are enough to steer me away. They open with a statement about the mortgage debt forgiveness act and then don't even clarify WHY they are stating factual information about the act but cleverly name their PROGRAM the same number. One has nothing to do with the other.
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