LAMCO , AKA scam review

Here’s another company trying to collect a $259 fee off of poor real estate agents and people who don’t know better.

I get a email directly from their people every 3-4 months, so I figured I’d post a little bit about them. They say they have listings and give out REO listings to agents, so  I did my normal research.

If you go to their site and click on “maps” you can see how much volume they do in your area. I checked my state of Ohio , and surprisingly enough they had a DOZEN properties in the entire state! I hate to break it to everyone , but a decent management company will have several dozen in a city , let alone the whole state! So , if you figure it out , with LAMCO you’ve got about a 1 in 50 or 1 in 100 shot of ever listing properties with them. Take my advice and don’t pay the $259 fee, you’d be much better of by buying some signs and posting them on telephone polls that say “Please give me bank listings!” At least in that case someone would see your name.

Here’s the link to their map to check your area :

I’ve been getting 1-3 emails a WEEK From lamco , and now one of their telemarkters called me. I argued with him for around 5 minutes which he did not address the major negative reviews I’ve read and had about them. So , still in my book they’re still a scam!

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