Aiden Win Scam Targets Hungry Realtors
My Real Estate Team has very recently taken Craigslist extremely seriously and been posting on a daily basis to the For Sale by Broker category. Almost immediately upon undertaking this project, even though we clearly selected the "It is not OK to Contact this Poster with other Commercial Services" option, started receiving emailes from Aiden Win of www.canadaforeclosurelist.ca for each posting. So right away you have to question Aiden Win's ethics.
Having been to forclosure court many times in the capacity of Buyers agent and Sellers agent I was intrigued at his promise of "Pre-Foreclosure" lists. Upon reviewing his web site I found it meant homes in the "Redemption Period" whereby the home owner has the right to payout the mortgage and retain the home. This is the phase where the mortagage holder with court ordered conduct of sale cannot guarantee transfer of title to a Buyer until the Redemption Period has expired.
I have seen many homes get listed in the Redemption Period by Realtors trying to save the owners and there is a common thread through almost all of them, the homeowner owes more then then the home can be sold for. This is why they are in trouble in the first place. In my area of Canada I am unaware of any recent local example of a bank allowing a sale to go through in the Redemption Period that did not generate enough sale price to discharge a mortgage. Im sure it happens on very rare occasions but unlike our neighbors to the South in the US where it is a daily occurence, it is almost unheard of.
The Aiden Win canadaforeclosurelist plays to the hungry and lazy REALTOR® who thinks there is an easier way to lead generate then actually working and the naive first time investor that wants to hook the big one.
Aiden Win makes a plethora of outrageous claims, read them for youself but the pre-foreclosure list is just information taken from the Supreme Court of British Columbia dockets (please insert your Province's equivalent applicable judicial level) and is available to all already anyway.
My complaint is that Aiden Win's real talent appears not to be making millions buying & selling Real Estate, but relieving naive fortune hunters from their money for a worthless and outdated list that is widely distributed already.
your Coquitlam, Port Coquitlam, Pitt Meadows, Maple Ridge, Langley, River Springs and surrounding areas Realtor
Scott,
I remember that I was on his mailing list for quite some time. Then, it started appearing in my spam box, which is obviously whre you think it should be.
I never checked it out.
Brian
I do remember receiving emails quite regularly, but I actually check my spam box regularly and I haven't had anything for months.
It's possible that I have recieved these emails before, but I get so much crap sent to me on a daily basis that I just delete without opening now.
Hi Malcolm, its hard to miss these emails. You get one every time you post to the For Sale by Brokerage category here in BC anyway.