Any one ever heard of theses guys? 22 posts by 7 users

Posted: 07/10/2008 at 10:41AM

www.popefinancialcenter.com

I just got a broker phone call from thse people. The girl on the phone was real vague. I gave them my criteris but she seemed lost.

Posted: 07/10/2008 at 08:54PM

What a nightmare. I am getting emails telling me what a jerk I am and how I obviously know nothing about Bulk REO and I must have never closed a deal in my life. I am attaching their " product list" . It has over 350b in assets on it. Yeah, likly story. You guys are going to love this.

James, it seems a can of worms is an understatment.

Posted: 07/10/2008 at 09:13PM

I am attaching their " product list" . It has over 350B in assets on it. Yeah, likly story. You guys are going to love this.

Well, analysts estimate a total of 400 BILLION in TOTAL sub prime, ALT-A, option ARM (related) losses through 2010.

Of this 400 BILLION , only a fraction would be actual REO properties and of that fraction another small fraction would EVER be BULK sales.

So, without even reading the attachment, which I will, I can tell you your dealing with CLOWNS who are BOGUS!!

Right now one could purchase a handful of Wall Street investment banks with half of 400B-LOL

You could always send that list to the SEC if the sender is a legal entity and identifiable in relation to the list. It's FRAUDULENT advertising of
securities backed assets. 350 Billion! My GOD!

Posted: 07/10/2008 at 09:30PM

I would guess any ones email ending with @popefinancialcenter.com would be a good place to start.

What are you referring to by the above statement?

Josh was asking if posting the Tiff here, prompted rude e-mails from Bigger Pockets members. I don't think thats the case because you referred to the rude e-mails in the same post with the Tiff.

It started with phone calls and I was stupid enough to give them my email so I could send them a list of requirements.

I assume by (them) you mean Pope Financial? They appear to be typical Mortgage Brokers, most probably desperate and going BROKE! BROKE BROKER!

What and who's requirements? Are YOU in the market for multi millions in assets? I would guess your trying to broker some deals and from your comments learning quickly that it's not pleasant?

I always find it interesting that the same fools that helped to create the sub prime mess, are the same fools who are " trying" to broker the now very distressed assets. Most of these folks made VERY good living for quite a while. There best skills in many cases are deception and copy and pasting documents etc. ANYTHING for a buck in the good times and ANYTHING for a buck in the bad times, but WORSE!

Posted: 07/10/2008 at 10:47PM

Cool..

And YES in my opinion the savvy investor can put together deals one at a time in volume and not end up with total junk!

The majority of REO " portfolio's are not the primo properties to say the least.
There were also a lot of " issues" to include title clearing when I was involved with the Law Firm.

Posted: 07/11/2008 at 09:39AM

It's not real people!

Correct!

AND they're NOT REAL people! -LOL

Posted: 07/12/2008 at 10:40AM

So, your saying that these folks are if not Bigger Pockets members, they most likely were trolling and found you here, contacted you AND later saw the Tiff you posted after their initial rude calls and e-mails?

Posted: 07/12/2008 at 12:20PM

www.popefinancialcenter.com

[size=18]Anyone else get e-mailed or called by these guys?[/size]

Posted: 07/13/2008 at 12:26PM

My day started with a 26 Billion dollar request and I only need 260 Million to get the docs to review...

Not only that but the broker claims that this is from a " private seller"

How do people get suckered into this or believe that there's a private seller with 26 BILLION in REO of all things

Of course the usual standards are applicable

33 and a 3% commission......which of course is over 750 MILLION DOLLARS!

I feel so lucky to be blessed enough to receive these legitimate requests

Posted: 07/31/2008 at 07:52AM

recently got an email from a guy who claimed to have moved 700 Billion in paper. These guys went from assigning contracts on houses at market value with zillow saying there was equity to this

we got another email, one was from a " mandate" checking refererences on an MTN buyer (This is a former protegee gone bad)

then guy in the computer next to me, gets and email from the former protegee wanting to know if he could sell MTN's to his clients, all within about 10 minutes

99 percent of the people are trying to become instant millionaires for doing nothing. This game is about risk and projection of trends on distressed assets.

A very risky game, for those who play it

we have a much traveled deal here in SWFL, 72 houses. I got about 15 emails from 15 differnet " mandates"
well that package traded hands
the new owner is now going from a return on the investment to the RETURN of the investment
guess that what happens when a rank and file REALTOR tries to expand into new games.

I was thinking of writing an ebook about the law of attraction and Bulk Reo and NPN sales, it would be a hit!
How to attract a 700 billion buyer on internet chatrooms will be the title!