- Report: #842843
Complaint Review: First choice reo group - Flint Michigan
Reported By:
Bill -
Denver, Colorado, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
First choice reo group
2645 Executive Park Dr, ste 421 Flint, Michigan, United States of America
Phone:
888 892 5201
Web:
www.firstchoicereogroup.com
Categories:
Business Rating:
(0)
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First choice reo group Tom Martin Try to get you to buy an over priced reo propert owned by a bank. Claim to help you sell quick for 30% profit. Flint, Michigan
Got a cal from First Choice Reo claiming they worked with banks to liquidate reo property. They said they make no money when you buy the propert but were paid 20% of the profit when you sold it, usually within 30-60 days.
They sent me info on a property I could buy for $10 k. They also put me in contact with John Roberts, " a Remax" agent in the flint Michigan area. Roberts told me the property would sell quickly for $16 to $20k.
I spoke with other agents In the area, one who had a property across the street on the market for $4750. She told me that most of the houses are vacant, the area is depressed, and her opinion of the property I was looking at had a market value under $5000.
Roberts also told me the low end of the market in the area of the subject property mid $20k. I found over 70 homes within blocks on the market for $10k and less, some as low as $1500. Roberts also claimed the rental value of the house was $800 per month.
I don't know how these guys get paid but I know it is not when their client sells the property.i suspect they are paid to sell the property by the bank. Steer clear of these clowns.
They sent me info on a property I could buy for $10 k. They also put me in contact with John Roberts, " a Remax" agent in the flint Michigan area. Roberts told me the property would sell quickly for $16 to $20k.
I spoke with other agents In the area, one who had a property across the street on the market for $4750. She told me that most of the houses are vacant, the area is depressed, and her opinion of the property I was looking at had a market value under $5000.
Roberts also told me the low end of the market in the area of the subject property mid $20k. I found over 70 homes within blocks on the market for $10k and less, some as low as $1500. Roberts also claimed the rental value of the house was $800 per month.
I don't know how these guys get paid but I know it is not when their client sells the property.i suspect they are paid to sell the property by the bank. Steer clear of these clowns.
