Has anyone done business with Trust Deed Resale?

[Bob Berland]

I have been receiving emails from this company for quite sometime but have never done business with them.  I am an active note buyer and would appreciate any feedback that the community can offer.

Are they reputable, reliable, etc...

Heres a link to their website

https://www.trustdeedresale.com/marketplace

Thanks!

[Chris Seveney]

@Bob Berland Never heard of them and skeptical as the site says nothing who runs it etc I always want to know who I am buying from.

[Bob Berland]

@Chris Seveney thanks for your response I am digging into this entity a bit more. I think it my be a simple lead gen approach. Thanks again for your response!

[Jas Singh]

I'm also looking into a deal they have.  

[Bob Berland]

@jas singh Thanks for your response. 

I have a couple of questions for you!

Have you ever completed a deal with this outfit in the past? 

Are you working with anyone specific on their team? 

Have you ever received a due dilligence package from them beyond an appraisal?

Thanks for your reply in advance.

[JD Tyrrell]

@Bob Berland I know this is an old thread, but did you ever find any more information about this company?  

https://www.trustdeedresale.com/

Thanks.

[Bob Berland]

@JD Tyrrell - I never got any feedback from anyone but I still get email leads weekly from this outfit. I asked for dd materials and he essentially recorded the transaction with my LLC and acted as if I were closing on the deal. All I wanted was info...had to hire an attorney to get my company off title...it's was a terrible experience so I have never done any business with this outfit since that experience. They do advertise high yields...falls in the top Good to be true category.

[Don Konipol]

@Bob Berland

Can you explain further?

[Andy Mirza]

@Bob Berland That's crazy! You asked for DD materials and your contact recorded an AOM in your LLC's name? Is that right?

[Bob Berland]

@Andy Mirza that’s correct

[Account Closed]

Originally posted by @Bob Berland:

@Andy Mirza that’s correct

Did you receive any payments?? (joke) I have emailed  3-4 deals from this company for months. Each deal looks like a no brainier,14% interest 2 years 50% or greater equity. Too good to be true -

[Andy Mirza]

Originally posted by @Bob Berland:

@Andy Mirza that’s correct

If you didn't give them any money, how could they benefit by preparing and recording an AOM in your name? Why do you think they would do such a thing?

[Bob Berland]

@Andy Mirza an assumptive close....that’s my only guess.

[Andy Mirza]

@Bob Berland Why did it take an attorney to clear you off of title? I would think that the broker or seller would want to record a Recission right away. Is that what was done to clear title?

[Bob Berland]

@Andy Mirza frankly I did not trust the party that put me on title so I secured an attorney to navigate the issue and act in my best interest. It was a very odd interaction and I have never dealt with this company prior or since. If you have information relating to this company please feel free to share your insights.

[Andy Mirza]

@Bob Berland I know nothing about that company. Glad you did what you had to clear everything up.

[Bob Berland]

@Andy Mirza thanks for taking an interest.

[Dan Chude]

Wow!  this thread just saved me from a deep hole.  

[Linda Vu Nguyen]

Thanks again for sharing as it had saved me going down an uncertain path with them as well. 

[Chris Seveney]

As many people will note ALWAYS do due diligence on companies. Make sure you know principals, are they registered in their state and check their credentials/lawsuits against them etc.