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Synergy Real Estate Solutions - fraud exposed

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subjectively02

Freshman Member
Joined
Nov 14, 2011
Professional Status
Certified General Appraiser
State
Colorado
Fellow appraisers, I have received 2 unsolicited emails inviting me to apply to the above company to become a new appraiser, and you are also asked to send them $39.95 to cover the cost of a background check. I contacted the Better Business Bureau, and got an earful! This company's owner, has been convicted of fraud , spent $1.4 million of the company's money to cover his gambling debts, etc. Go to www.bbb.org & type in the phone number of the company, and 800 number, and the whole story will pop up. So do business at your own risk with this company! They also go by TruClose, and Bestitle.com, but it's the same guy & he sounds like a sleezeball to me! Just thought I'd share.
 
Who needs the background check here!

Yes, be sure and allow this character access to all of your most private data. That sounds about as smart as signing up to work for him.

They aren't a registered AMC in California, BTW.
 
I am getting the spam emails either every day, or every other. Getting sick of it, so the other day I subscribed. Hopefully the spam will stop.
 
Apparently there are two "Synergy(s)"--see letter in Clients Good Bad and Ugly from one of the "Synergys."
 
Apparently there are two "Synergy(s)"--see letter in Clients Good Bad and Ugly from one of the "Synergys."

Well neither one is registered in California. Not off to a good start!
 
The below was sent to me by a fellow appraiser. It was posted in another forum.

Hello,

My name is James Morris and I am with Synergy Appraisal Services, or the "REAL
Synergy," as you put it. I am very sorry we didn't chime in sooner, but to be
honest we just weren't aware of this forum. As you might expect there are a
number of appraisal forums in existence and it is hard to keep track of them.

Also, we did not know what was going on with this "other Synergy" until
recently. We started receiving calls from appraisers saying they had sent in
their application and check, wondering where the touted work was, and we had no
clue what they were talking about. Slowly we realized there was another entity
sending out emails and appraisers who responded to those emails and never
received a response to inquiries at numbers provided on the emails were finding
us through a Google search for "Synergy."

The more we learned the more alarmed we became, until finally I contacted
Federal authorities the week before last about the situation. I honestly could
not stand that it appeared appraisers were being scammed, and that they were
being scammed using our name, or at least one that was similar.

We had been cautious beforehand because we did not know all of the facts, and
will continue to be cautious -- as we still just don't know all the facts. But
to be clear *we are not the company sending out the emails asking for money*.
The individual who appears to be the owner of "Synergy Real Estate Solutions"
pleaded guilty to wire fraud charges last August, and is due for sentencing
tomorrow based on what I was told by an investigator. Other messages in this
thread provide more details into those circumstances.

Synergy Appraisal Services, my employer, is an AMC that genuinely makes service
and quality top priority, as well as treating the appraisers with whom we work
(and all for that matter) with kindness, respect and professionalism. We have
worked with some of you in the past and I hope your experience was indicative of
those priorities.

I am going to include below a statement on this situation written by our
president and chief appraiser James Baumberger for an email we sent to our
entire panel of appraisers last month:

"A Tale of Two Synergy's

Our parent company's name is Real Estate Appraisal Solutions (REAS) and one of
our brand names is Synergy Appraisal Services. Our corporate office is in
Denver, CO. It is a concern to us that Synergy Real Estate Solutions of
Pittsburgh has been contacting many appraiser members already on our panel
offering to sign them up for a registration fee. We do not charge any
registration fees, and we value cordial professional relationships with our
extended team of appraisers, so please do not confuse us with "the other
Synergy." While we are not certain of accuracy, we have heard and read several
very unflattering remarks about Synergy Real Estate Solutions and references to
criminal activities, so caution might be prudent if they contact you.

Thanks!

James Baumberger – President
Synergy Appraisal Services"

Again, I am sorry it took us this long to chime in, but we are even now still
trying to wrap our minds around what exactly has been happening, and now is a
busy time. I hope this clears it up and that word spreads as to what is going
on.

Thank you!

James Morris
Synergy Appraisal Services
 
This is becoming ridiculous.

It sounds like another letter to my Governor is in order. First one hooligan closes up shop to open a used car lot, leaving appraisers unpaid and lenders on the hook for fees to the tune of $1.8 million, was it?, *which were pre-paid by the consumer*, and now another who appears to be a federal felon.
 
Pay me in advance.....That would solve all of our bitterness about AMC's. They get it upfront, pass it on. It would also solve the pressure on us to perform to thier expentations to get the report approved to GET paid. Additional comps, pendings, actives, remove bad photos, add this, add that....you get the idea. We all want to make a living, but we are all under the control of something we can't control. I now choose who I work for and can do that after 25 years. I feel very sorry for the newbies that have to take the S*%T that is out there just to stay in biz.
 
Yep, just got another spam e-mail from them today.
 
Before any of this came out he also had a posting on the AI job site looking to hire review appraisers for staff positions. I sent my CV as did many others I know. Thought it was the "other" Synergy...
 
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