Wholesale Direct Real Estate Anthony Kiotsios They don't pay you for your work, you bring in files then they get rid of you so they keep the money th

9th of Oct, 2011 by User106464

I worked for Wholesale Direct for over two years, first starting in Loan Modifications now they focus on Short Sales. When they did loan modifications they stole money from almost everyone who paid a fee to get a loan modification. Now their focus in on ripping off the employee. When they hire you they promise to give you a fee for files you submit your first month which is not true. Then they tell you that it will only take 3 months to get paid on a deal when the reality is 6 months or more. The problem is that their hope is that you submit files then quit after 60 days so they don't have to pay you anything. Furthermore they charge a desk fee of $1500-$2000, pending of course how much the deal is worth, so when it's all said and done you make $1500 on a home that sold for over $500,000. These guys are all about making the quick buck and taking advantage of their own sales people. They haven't been doing so well lately so I can only imagine how much longer they will pretend to be in business. Don't waste your time interviewing with this company because you will go broke before you see paycheck.

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