Foreclosures Daily - buyer beware! A year ago Foreclosures Daily (FD) was providing up to date leads that I used with success to find sellers of pre-foreclosure properties. When my renewal came up in Sept. 2008 I renewed, assuming that level of service would continue. I did not use the service for about 4 months while I was revamping my real estate investment business.
In January I tried the service again expecting the leads to be current. They were over a month behind. When I tried to get in touch with FD all phone lines had been disconnected, including the private cell phones of Mike Kane and Mike Parisi, president and COO, respectively. I then filed complaints with both the Better Business Bureau and Capital One Visa.
Mike Kane finally emailed me and said that my BBB complaint was invalid. I responded giving several reasons why I did not believe this to be so.in his response to my second email he pointed out that the agreement I had signed to get the service included a non-recourse liability provision whereby FD could provide any data they wanted and I had to accept it whether or not it was current. There would be no pro-rated refunds. He also claimed that they were behind due to the increased caseload at the courthouse.
I then emailed him saying I wished to cancel the service when my subscription was up in Sept. 2009. He replied saying I could only cancel through the website. When I logged into the site I was presented with a copy of the agreement which I was supposed to approve before accessing the data on the site.instead of approving the agreement I pressed the cancel button at the bottom of the page. Doing this gave me the message "done but with errors" whatever that's supposed to mean. I then found an undelivered message about the cancellation in my email. I promptly forwarded this message to Mike Kane. I believe I have canceled the service which still had 6 months to run. I have forfeited almost $1,000.
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