I was contacted by a phone solicitor who told me her name, company, telephone numbers and reason for calling. She said that she represented Money Tree Funding, a company who funded loans for borrowers with a high dept to income ratio. She said that I would get information on people who had established an eminant closing date for their mortgage loan and I would be given a chance to contact them to offer a quote for homeowners insurance. If they already had an agent, or if they used someone else or if the loan would not fund for any reason, I would receive a replacement.
Fair enough, I would take my chance if given a good lead with those stipulations. I also asked for a reference from someone already using their service, and was given an Agency owner in Texas who returned my call and assured me that he was using their program successfully, with about a 30% closing ratio. So I authorized them to withdraw the first 30 days contract amount of $400 from my account. The leads started coming the day after they withdrew the funds and starting with the very first one, were nowhere close to what she (Jennifer Grable) had told me. Some were people who had closed a loan 2-3 yrs ago, many telephone contact numbers listed were disconneted, or were not working numbers, the majority of the contact had no idea what I was talking about or had never had any dealings at all with Money Tree Funding and some were persons who were trying to get a loan on a mobile home when she had told me that there were to lending on mobile homes at all, reguardless of age.
I'm not a novice and will take my lumps and learn yet another lesson about life that there are still people out there in America who will lie and steal from you if given the opportunity. I'm just disappointed in myself for not taking the basic precautions to avoid this behavior.
Rich
KENNEWICK, Washington
U.S.A.
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