I got a call today from someone saying they had been referred to me for an reo in my area that would be going to the court house steps in a few months. They wanted a bpo and an occupancy inspection. They said I had to pay $500 upfront and that I would be reimbursed for the $500 at closing. They said it was for the use of their platform. They also said they have a guarantee that if you don't get a listing within 9 months you will get a refund. Has anyone gotten a similar call or worked with this company? I think its a scam. Why would they make you pay $500 but offer to reimburse you if you don't get any reo's. He did have a legitimate property that is in foreclosure though. Any comments are much appreciated.
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Save yourself $500 and agony... Rest.net would the source to receive the ligit listings assuming you have signed up with lenders and pay them $700? fee, assuming most are dropping out of the business. Too many ifs.
Of course it's a scam. No need for further discussion. The end.