foreclosure remodeling for contractor manegment 411 is it a fraud? - Contractor Talk - Professional Construction and Remodeling Forum

curtis foote · 09-18-2009, 01:44 PM

A company called contractor manegment said they have leads for bank owned foreclosures. I pay 99 dollars for a background check then they send me free leads is this a fraud? Does anybody have any feedback

ARI001 · 09-18-2009, 01:56 PM

I don't know if it's a fraud or not. Usually the banks have real estate agents handle getting contractors to provide quotes and do the work. If you do it be prepared to do 100% financing for the job and to wait for your money when done. A lot of banks will try to get you to give them a lien release before you start the project also.

I don't think I would pay a lead company anything for those types of leads. If you want to do that kind of work cut out the middle man and go straight to the sources.

curtis foote · 09-18-2009, 02:27 PM

contractor managment said the 99 dollars is just for a background check that is required by the banks I dont pay for leads, they also said I would get paid every two weeks for whatever projects I have done buy a certain day and there is no bidding its already priced off of the going prices in the surrounding area. I dont know what do you guys think

Stevie D · 09-19-2009, 05:28 PM

if it sounds to good to be true.........

jhark123 · 09-19-2009, 08:51 PM

Quote:

Originally Posted by stevie d

if it sounds to good to be true.........

...It Is

orson · 09-20-2009, 09:28 AM

Quote:

Originally Posted by curtis foote

contractor managment said the 99 dollars is just for a background check that is required by the banks I dont pay for leads, they also said I would get paid every two weeks for whatever projects I have done buy a certain day and there is no bidding its already priced off of the going prices in the surrounding area. I dont know what do you guys think

Sounds like a red flag right there to me.