ABSREO – Another REO Scam company
I figured I’d post about another website that’s trying to part agents from their money , this time it’s ABSREO.com
ABSREO is another one of those REO ‘brokerages’ who says they will send you a ton of listings once you pay their fee to be featured.
Next time a company emails you , do what I do to check credibility……..Find out how many listings they handle in your area. In my case, they have a whole 5 listings in the state of Ohio , that’s right , 5 listings. More than likely they have a few dozen to maybe a hundred agents fighting and paying money for those 5 listings. So , long story short, if you want a 5% chance of getting a listing (they have a whole 35 properties in Florida and California) by all means go for them. However if you’re careful like me ,don’t spend the money, it’s just a waste of your hard earned cash.
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Paid their fee to join $295 and rec’d one trial BPO which paid $50.
My net loss to date is $245. Still giving them the benefit of the doubt but in the past 6 months, have yet to see any other referrals.
I was taken by them, I was most disturbed with them trying to get me twice. They have sent me a message that states “there looking for an agent in my area” When I am a paid agent in the area they need help, and I am already signed up.
I believe this is a true scam. I will be reporting them to the BBB, as they claim to be apart of.