Foreclosure AcademyReviews of foreclosure.academy

Well let’s just say that now he’s just asking for $24,999.00 or something like that,how stupid do they think people are,I have been researching programs for over 29 plus years,because of a serious eye condition,that Is literally killing me,I watched the program,and when he broke down the cost,I thought he was going to say “well you're not going to pay that “ and he did not,anyone reading this,If I ever find a program that makes this kind of money,I’m simply going to teach the people with zero money out of pocket,If not very little,but I would take let’s say 2% for 1 year or something like that,no body Is doing this,they are promising a fortune,and you don’t know anything about them.For them to say In the beginning of the promotion”Free” and then at the end say,this Is an Investment In your life,I think Is you do need to pull out your credit cards,Is laughable by far.

My review below was surprisingly met with a flurry of pushback from Foreclosure Academy trying to get it removed for being "Defamatory Content"! I must have hit a nerve, but Why? Nothing I said was defamatory, but rather an honest review of and fact-based opinion that is intended cause potential students to pause and do enough due diligence to make an informed decision. Not sure why transparency is so threatening. And yes, you have a $500 option (give or take), but I was referring to the thousands of dollars required for the fast track. Making claims that an ordinary person might take as gospel, without the benefit of seeing ALL reviews is disingenuous. My review is honest and fact-based. I've been in real estate and mortgage lending for 30 years and her pitch immediately sounded alarm bells. First, to say that she oversimplifies not only the process, but the numbers is an understatement. For example, If the value of the home is 200k, and the homeowner defaults on a 50k loan, that doesn't leave 100K after the bank dumps it for below market value making your 30%-40% $40-$50 k. Let me unpack this one. First, she makes no mention of the thousands of dollars added to the balance of the first mortgage that make up the foreclosure fees, title, taxes etc... Second, if the homeowner had multiple mortgages, tax leins, HELOCS, etc...those would all eat away at that fictitious $100k you are hoping to get a large slice of. At the end of the day, anyone in a 75% equity position isn't going to be stupid enough to just let it go, especially since as soon as the notice of default is filed, the hard-money lenders will be knocking on their door to give them whatever they need (at a high interest rate) to get them out of default. In my opinion, it is more likely that the potential gains are going to be small, and you'll have to make your money in volume. Not sure why one would have to pay thousands of dollars to learn how to do this, and still need to have an attorney on retainer (more money out of the dwindling pot), when you could get the list of unclaimed funds yourself, hire a real estate attorney and pay for a few hours of his time to provide you with all the documents you need to do business in your state. Then write a script and practice it. All in all, it is definitely a numbers game ( i mean like 1 in every 500 calls might yield a hit), but when thousands of people have that same list, it seems like a lot of money, time, and work for little gain. And at the end of the day, once the former homeowner realizes they have money out there with their name on it, they no longer need you, so you'd have to get them to enter into a contract with you for a finder's fee that they have no reason to sign. Hope this helps anyone thinking this is as easy as the pitch girl makes it sound. Save your money.

I came here looking for an honest reviews. This company has put out quite a bit of self promotion even in the form of paid reviews posted across the internet. I watched their sales pitch and was immediately turned off by the scammy approach of "look at all this value for only this", and "use your credit card, we give you permission" and finally "this deal expires in t minus 10 minutes"... These are clearly scam tactics so if you rushed to give them your money, and you are an adult you need to make someone else responsible for your income. I laughed at the "this is worth it, right? Of course it is" talking throughout the entire video. After all this mental conditioning works on apple users and convincing them to buy the same phone every year. Real company don't use bribery and scare tactics to close a deal. The reality is a real company would just hire a call center to do all the work and maximize their profits. Remember if it's too good to be true, it probably isn't. Read through the negative experiences below and you will quickly realize as well that this company continues to ask for more and more money. Why wouldn't they. You fell for the first scam, why not a few more. Learn from your mistakes and educate people you care about to be cautious with their money.

THANKS FOR EXPOSING THESE SCAMMERS. I WAS ABOUT TO SPEND 10K WITH THEM BUT CHANGED MY MIND. I SAW THE YOUTUBE ADS SOUND CONVINCING BUT I TOOK A STEP BACK I RATHER GO TO HARDROCK CASINO I'D HAVE BETTER ODDS.

I signed up for the academy for their sale price of $7,000.00. I was charged $8,400.00 then There was an attempt to charge an additional $198.00 on a credit card I had locked months prior. I asked about the charge. I was told it would be credited back to my account. No explanation as to why i was charged. They say you can talk to your coach at least 3 times a week. I made an appointment to talk to mine, 2 weeks later I had the appointment, which I missed due to it being a busy time at work and i couldn't get the time off. Which. the times your allotted to talk to them, is during work hours, nothing on my time. Also, they do not tell you. You must get a lawyer for at least 90% of the the paperwork. They tell you to keep a lawyer on retainer. Also. ALL the LEADS they give you. They give to everyone in that session. There is 360 People in the SKOOL I'm in. Every single person gets the same leads. Which they are suppose to change every week. I have had the same Leads for 3 weeks. I stopped looking due to them not changing. I asked for Leads in the state I was looking into. they said I had to find my own leads since it wasn't the state they were working on. SOOOO many thing they lied about. charging extra. adding things on. They do not divulge ANY information unless you already know what to ask for in the "interview" portion. I asked for a refund. they said I was the one scamming them since I went through the modules. I honestly tried to to the work. All IWANT IS MY MONEY BACK and they said I was the scammer. I am not going to do this business due to it being to costly to get a lawyer, a notary republic, in what ever state your working. Them not being able to make appointments a person who is still working not being able to keep. Dealing with all the LEADS that are given to everyone in their academy. its a waste of money.

They overprotective and under deliver. They still have my $4000 that I want back and it was a payment towards coaching but they ghosted me on a scheduled zoom call on 6/21. I have made several attempts to them and not any help except emails claiming I need to make 100 calls to get my money back. That is not happening because how they drag everything out. My next action is to file a law suit against them for my money.

THANK YOU EVERYONE FOR POSTING YOUR REVIEWS AND GOING OUT OF YOUR WAY TO TELL US "POTENTIAL VICTIMS" NOT TO GET INVOLVED, because you took the time, I have decided to forget about it!! BEWARE: People this company can "act" as if a customer is leaving a positive review, but the truth is.....THE COMPANY ITSELF CAN BE DECEIVING US TO THINK THEY ARE GETTING GOOD REVIES.

Just had a question how dos the payout work do the homeowner cut me a check for my 30%~40% or does it come out before they get their check? How do the payout work