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  1. #1
    Join Date
    Feb 2006
    Posts
    1

    Anyone know about USMR?

    Greets, and thanks so much for this site!

    The company website is www.usmr.com, and my researches so far have yielded the following:

    Contact info from http://www.usmr.com/contact.htm as of Sat 18 Feb 2006

    U.S. Mortgage Reduction®, Inc.

    1282 NE Business Park Place
    Jensen Beach, FL 34957-5319

    Call us: 1 (800) 743-0001
    Fax: (772) 225-3136
    E-mail: mail@usmr.com

    Federal Trade Commission www.ftc.gov searches

    Sat 18 Feb 2006
    http://search.ftc.gov/query.html?qt=...=news&col=full
    Result: None

    Sat 18 Feb 2006
    http://search.ftc.gov/query.html?cha...Reduction,+inc
    Result: None

    Sat 18 Feb 2006
    http://search.ftc.gov/query.html?col...859-1&ql=a&qt=
    Result: None

    Sat 18 Feb 2006
    http://search.ftc.gov/query.html?qt=...=full+hsr+news
    Result: None

    Better Business Bureau as of Sat 18 Feb 2006
    http://www.tucson.bbb.org/commonreport.html?bid=15532
    No complaints in the last 36 months as of Sat 18 Feb 2006

    www.mortgagedaily.com search for "U. S. Mortage" on Sat 18 Feb 2006
    http://www.mortgagedaily.com/ffresul...Mortgage&srt=d
    Result: none

    http://www.google.com/search?hs=8VK&...am&btnG=Search
    www.programcritique.com google link on Sat 18 Feb 2006
    http://www.google.com/url?sa=U&start...904.asp&e=9797

    I have a friend who is thinking about going into this business with a partner (not me), and if this is a legit opportunity, I want to know more and maybe get involved.

    Thanks, all!

    jeffrags

  2. #2
    Join Date
    May 2005
    Location
    West of the Pecos
    Posts
    121

    Re: Anyone know about USMR?

    This is mostly a pitch to join in the selling of a service that any person with a little bit of research (and the cooperation of their lender/servicer) can do for themselves at no cost whatsoever.

    Why people want to pay someone to do this for them is a reflection of just how little consumers really understand about mortgage financing.

  3. #3
    Join Date
    May 2007
    Posts
    1

    Re: Anyone know about USMR?

    I am just starting a real estate comapany and was doing research on new new ideas to make me stick out. I have talked with friends and actually it makes since, they offer a service for a lifetime of mortgages or any other major loan. With out me having to do some reseach like others have the time to do, I pay my bills automatically why not my mortgage, with a guarantee. Amoritization and audits, I am actually buying my condo in a fraction of the time, and the money save pays my insurance, long story short, I built it in my Bus. plan and a member, like why we pay accountants, the accuracy.depends on the person,

  4. #4
    Join Date
    Jun 2006
    Posts
    3,120

    Re: Anyone know about USMR?

    Their website is down. So much for lifetime service.

  5. #5
    Join Date
    Mar 2007
    Posts
    2

    Re: Anyone know about USMR?

    :mad: I fell for the scam just about a couple of months ago. I looked up the company (USMR). No complaints on the BBB, Scam.com, etc. So I took 400 plus dollars and invested. Within days I reviewed the CDs, DVD, submit my paperwork to receive my certificate to go out and MAKE money. I was going to use it for my own home. All looked great until I did not receive my certificated in the mail and called the many numbers for customer support. Can you believe they are still trying to sign people up?! I was a fool.
    Anyway most of the costumer service numbers either went directly to voicemails (like they'll take you message) were others were disconnected and there was one gave you a number (520 918-0030 to a the law offices of Suqua & Keim (713) 960-0277 THEY ARE OUT OF BUSINESS AND NOW FILLING FOR BANKRUPCY! I was told by the law firm that I have to wait for a letter from them letting me know that they are filling for bankruptcy.
    PISSED BEYOUND PISSTIVITY :eek:

  6. #6
    Join Date
    Jul 2006
    Location
    Dallas, Tx
    Posts
    2

    Re: Anyone know about USMR?

    They are scammers, i paid for a website and Cds and DVDs and didnt make a penny, tried to get my refund and they only take a message and say they will get someone to call back, its been 2 years.
    Still calling and waiting!
    Dont use them please!

  7. #7
    Join Date
    Jul 2007
    Posts
    558

    Re: Anyone know about USMR?

    Quote Originally Posted by ken.aa
    I am just starting a real estate comapany and was doing research on new new ideas to make me stick out. I have talked with friends and actually it makes since, they offer a service for a lifetime of mortgages or any other major loan. With out me having to do some reseach like others have the time to do, I pay my bills automatically why not my mortgage, with a guarantee. Amoritization and audits, I am actually buying my condo in a fraction of the time, and the money save pays my insurance, long story short, I built it in my Bus. plan and a member, like why we pay accountants, the accuracy.depends on the person,
    The word is "sense" not "since". Financial illiteracy and normal illiteracy are highly correlated.

    If you want to pay your mortgage automatically why don't you get a bank account at any of the 5987 banks that offer free bill pay services? You don't have to pay anyone to get your mortgage paid automatically.

  8. #8
    Join Date
    Jul 2007
    Posts
    558

    Re: Anyone know about USMR?

    Quote Originally Posted by kingscashflow
    They are scammers, i paid for a website and Cds and DVDs and didnt make a penny, tried to get my refund and they only take a message and say they will get someone to call back, its been 2 years.
    Still calling and waiting!
    Dont use them please!
    So it doesn't really make "since" and a guarantee is only as good as the company behind it.

    That's a lesson a few other people in other threads here are going to learn, someday. Or not, some people seem to perpetually be drawn to scams like moths to a flame.