If you are a realtor in the United States, you know how the economic downturn of these last few months has impacted real estate. Beware, there are snakes in the grass hiding to take advantage of realtors during this challenging time. Many companies are promising to give you leads that will take you through this time.
Please be careful when you work with those lead generation companies. I worked with one that offered bogus leads and cost me over $2K! When they provided no services and I asked to be released from the contract, they had a collection agency begin calling me threatening and insulting remarks. So I paid them. But, I promised myself I would not stop until I let everyone else how badly I was treated by them.
BGS3 salesman, %, told me his company could provide real estate leads for people who were 3 payments or more behind on their mortgage. When I asked how he managed to get this information, he refused to tell me. That should have been a heads up for me right there. Anyway, the website has a great look and despite my brokers advice to be careful, I signed a contract with BGS3.
They told me the contract was just my documentation that I was a licensed real estate agent and worked full time. But, as I later found out, they wanted carte blanc to my bank account with automatic withdrawals. I contacted salesman % and asked him to send me a bill and let me settle up, but I did not want them having my bank account (I had my bank block them from withdrawals).
The program worked like this. I paid them, then I was to go to a website where I could login and download an Excel spreadsheet containing 50 leads for my zip code. Then I hired an assistant to hand address and stamp and mail a letter provided by BGS3 to each of the leads. Out of the 200 I mailed out over a four-month period, only 2 people called back and neither of the two was interested in a short sale. When I called Nick and told him this, he said, We never promised your leads would be valid, we just told you we are here to negotiate any short sales you may have! News to me!!!
Well - my main gripe with this company is that the leads they furnished were bogus leads. Having lived in this little town my entire life, I know many people here and the leads they gave me were often for people that had moved out of the addresses that were provided years before! The leads were useless.
BEWARE!!! This company looks good upon first glance but their services are bogus! Watch out!!!
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