Complaint Review: REO Direct Partners - Arlington Heights Illinois
- REO Direct Partners 415 W Golf Rd Ste 60 Arlington Heights, Illinois United States of America
- Phone: (888) 362-1444
- Web: reodirectpartners.com
- Category: Real Estate Services
REO Direct Partners SCAM. Not affiliated with ANY BANKS. Arlington Heights, Illinois
*Consumer Comment: Scam Victim
*UPDATE Employee: REO DIRECT PARTNERS
*UPDATE Employee: REO DIRECT PARTNERS
I Personally know the people that own REO Direct Partners and it is a scam. All of their workers checks have bounced and now they are refusing to pay them. They are not affiliated with ANY banks that provide them listings, and they do not plan on honoring your $275 registration fee refund. They are just taking your money.
This report was posted on Ripoff Report on 01/06/2010 02:18 AM and is a permanent record located here: https://www.ripoffreport.com/reports/reo-direct-partners/arlington-heights-illinois-60005-3/reo-direct-partners-scam-not-affiliated-with-any-banks-arlington-heights-illinois-550054. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#3 Consumer Comment
Scam Victim
AUTHOR: realtor m - (United States of America)
SUBMITTED: Wednesday, August 18, 2010
I am a victim of this scam! I signed up with REO Direct Partners over a year ago. I never received any kind of leads from them. They never had any contact with me after they got my money! This is a huge scam! Now their phone number is not in service and I cannot log onto the website. I emailed them a couple of times and still no response, no remedy for the situation. This company is the biggest joke! I want my $275 back along with something for my time that I have spent trying to track this stupid company down!!!!
#2 UPDATE Employee
REO DIRECT PARTNERS
AUTHOR: REO Direct Partners - (USA)
SUBMITTED: Monday, January 18, 2010
REO Direct partners is a full service asset management and disposition firm with several call center locations. According to our terms of use THE YEARLY MEMBERSHIP FEE IS SUBJECT TO A REFUND OR FREE RENEWAL FOR THE FOLLOWING 12 MONTHS SHOULD YOU NOT RECEIVE ANY BUSINESS FROM REO DIRECT, LLC IN THE INITIAL 12 MONTH PERIOD. MEMBER WILL BE REFUNDED FEE - $50.00 SERVICING FEE. we would be happy to oblige any realtor who has not received listings from us as our return policy states however we do request our agents to provide us an ample amount of time to supply them with the work they deserve.
Working with lenders and banks of different sizes from the national bank to the smaller community banks, each lender has their own timelines and requirements before releasing listings. We currently do not have listings everywhere nationwide however we are working with our many lenders at providing all of our current agents with listings in their specific area. As we are a younger company we do not have the same reach as a larger REO company may have. We do have many different teams that handle different regions and different lenders, to inquire about our services please simply contact us at lenders@reodirectpartners.com Per IL state law an asset manger does not need to hold a valid real estate license. An asset manger is not defined as a loan officer, a mortgage broker, a real estate agent, or a real estate broker. An asset manger is required to have knowledge and experience in organization, communication, and management skills, per the following sitehttp://www.theassetmanager.com/default.shtml and http://www.wetfeet.com/Careers-and-Industries/Careers/Asset- As a start up company an initial investment of $50,000 was invested, as more and more realtors and agents joined we have been able to reinvest the revenue to advertise and attract lenders and banks to further our agents business.
We would be more than happy to clear up any outstanding debts with any of our past employees. Please feel free to contact our accounting office at billing@reodirectpartners.com at any time to discuss any outstanding debts. We at REO Direct Partners know and understand that our employees are our lifeline to a good and successful business. REO Direct Partners does require some time from our agents for them to be updated with listings. As mentioned many lenders tend to work on their own timelines and have very strict and stringent requirements from us as an asset management company before we are approved to receive listings in specific areas from our lenders. REO Direct Partners is working hard at providing our current agents with listings as well as working hard to acquire new lenders and new business. We encourage anyone with questions or concerns to contact us at 888-362-8620 or you may contact us via email at info@reodirectpartners.com
#1 UPDATE Employee
REO DIRECT PARTNERS
AUTHOR: REO Direct Partners - (United States of America)
SUBMITTED: Tuesday, January 12, 2010
Working with lenders and banks of different sizes from the national bank to the smaller community banks, each lender has their own timelines and requirements before releasing listings. We currently do not have listings everywhere nationwide however we are working with our many lenders at providing all of our current agents with listings in their specific area. As we are a younger company we do not have the same reach as a larger REO company may have. We do have many different teams that handle different regions and different lenders, to inquire about our services please simply contact us at lenders@reodirectpartners.com Per IL state law an asset manger does not need to hold a valid real estate license. An asset manger is not defined as a loan officer, a mortgage broker, a real estate agent, or a real estate broker. An asset manger is required to have knowledge and experience in organization, communication, and management skills, per the following site(((Redacted))) and(((Redacted))) As a start up company an initial investment of $50,000 was invested, as more and more realtors and agents joined we have been able to reinvest the revenue to advertise and attract lenders and banks to further our agents business.
We would be more than happy to clear up any outstanding debts with any of our past employees. Please feel free to contact our accounting office at billing@reodirectpartners.com at any time to discuss any outstanding debts. We at REO Direct Partners know and understand that our employees are our lifeline to a good and successful business. REO Direct Partners does require some time from our agents for them to be updated with listings. As mentioned many lenders tend to work on their own timelines and have very strict and stringent requirements from us as an asset management company before we are approved to receive listings in specific areas from our lenders. REO Direct Partners is working hard at providing our current agents with listings as well as working hard to acquire new lenders and new business. We encourage anyone with questions or concerns to contact us at 888-362-8620 or you may contact us via email at info@reodirectpartners.com
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