livi managment Martin Jacobson Asset management Glenview Illinois

I believe I was duped by Mr. Jacobson.   I have worked in the REO industry for over 20 years.   In November, he phoned me stating he had a bank owned asset in my area, and if I would be interested in marketing this property.  He was very pleasent to speak with.

I asked where he received my information.   He stated "REO directory", which I am listed in so felt that he was legitimate.     I let him know I would be happy to handle this asset and could drive by the home within the next 24 hours to determine occupancy.     He said great and that all I needed to do was follow the prompts in his follow up email awarding me the listing etc.  This is where and when the United Default website required you to pay the basic $349 in order to service the property.

I did as he suggested and ... yes, I paid the $349 as an annual subscription for access to the "REO Platform".    I have seen this in the past from other companies that I have been successful with (such as Resnet) so did not think it was too unusal.   However, because I had no history with this Livi Management, I was a bit concerned.

I provided the BPO within 24 hours alomg with occupancy.   I followed up with emails which at the time he quickly reply to.   After the holidays, I was a but curious why I had not been notified by anyone with updates on the property (such as a field management company), so reached out to him two separate times without a response.    I then searched title again, and saw that at the end of December a transfer of title took place to a private indivudual. 

I immediately notified Martin via voice mail and email.   He did reply to my email stating he would get to the bottom of this immediately by contacting his client.   He still has not been able to explain the "change of ownership" issue.    

I believe this property was NEVER an REO, and he sucked me into the $349 fee per year.    The current BBB rating is not legitimate either.   If things do not get answered soon by him, I will be reporting him to the local board so that they can post an announcemnt so other Realtors in my arae do not fall prey to this, and will reporting him to the BBB.