ANCHOR HOUSE FINANCIAL
aka ANCHOR HOUSE SERVICES

They spam Craigslist with ads supposedly for foreclosed property, usually with “TAKE OVER PAYMENTS” headlines, and one of the following toll-free numbers:

877-712-4464 & 877-818-0717 & 866-900-9684 & 800-278-3041 & 866-945-8930 & 800-260-0295 OR 800-587-6522 …

When you call, they claim to have a list of foreclosed properties which they will sell you for $199, and they demand your credit card number. When you question them as to why they want the money so quickly they get really rude.

Ripoffreport.com has several entries on Anchor House.

They Charged my acct for $199 and refused to refund it. STAY AWAY FROM THEM BECAUSE THEY ARE PROFESSIONAL SCAM ARTISTS..PLEASE STAY AWAY!!!

Unbelievable. I called this number on craigslist, knowing that it was too good to be true. But, what the hell. Right? WRONG!!! They advertised $700/month mortgage take-overs on pre-foreclosed houses. I figured that with the economy, anything is possible. The guy on the phone explained that I put $199 as a down payment and a no credit check (which doesn't matter b/c I have great credit, but not a lot of money to put down). So, I figured it was a good deal. I asked where I could view the list and he asked me "what credit line do you usually use?" I said Visa. He said "what's your expiration date on the card?" I replied, "why do you need my credit card information?" First Red Flag. He said "you need to put the $199 down now, but you get a full refund if you don't purchase a house. We will send you a list of houses to your email." He told me that all I had to do was call customer service if I didn't find anything and they would refund my money immediately, and they would honor that refund for up to one year. I asked him where I could find that information in writing and he said it would be sent in the email after I gave him my credit card number. Second Red Flag. I immediately looked up the Terms and Conditions on the website and about 1/2 way down I found where it said that in order to get a refund (which they only honor for ninety days) you had to send certified mail to Anchor House Financial with at least 5 denial letters from homeowners. Third Red Flag. I immediately read out loud to the guy what I found on the website, explaining that it was totally different from what he told me and he said "I don't know, that's just what they told me to read in the script." Are you kidding me? I laughed and said, "you realize that you're ripping people off, right?" And then he hung up on me. How do these people sleep at night? If I had $199 dollars to flush down the toilet I wouldn't be looking online for foreclosed houses. Like I said. Unbelievable.

I was promised a list of house in a certain area, which Erin promised many homes with pictures, deatails and ways of making contacts, he had none of these only list not in the correct area and no pics or conact, when i called to make a complaint he hung up on me several times. I want my mone back!!
Rosalie Bader

They advertise properties on Craig's List with the concept of renting to own or purchasing very cheap properties due to the current housing market. The ad claims it's Real Estate by Owner. However when you call the number you are left on hold for a long time. I questioned the person about the property and when I seemed to doubt him, he just hung up.