Realtor.com Scam?
Is anyone else getting strange "leads" from too good to be true, high end, cash buyers looking only for short sales? I've received 2 of these within a week, one via email and one by phone (to my voicemail). Does anyone know what this is about? What these jerks are trying to gain by having me send them all my short sale listings?
Replies to This Discussion
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Permalink Reply by Bryant Tutas on
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Liz. There are lots of scams out there. Be careful. Things that sound too good to be true usually are.
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Permalink Reply by Smitty on
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It could be a note buyer or a short sale flipper. Not necessarily a scam on either, but you have to investigate both. If it's a flipper, just make sure they have COMPLETE disclosure and if it's a note buyer, just make sure if they have intentions on buying the note, ask them how they plan on taking over the deed and again, COMPLETE disclosure to all parties involved.
Do your homework and you'll be fine.
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Permalink Reply by Joanna Durrant on
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They have you write a contract on one; they send in an Earnest Money check, which if you call the number on the check, it is considered valid, but if you go to the financial institution, they will tell you it's fraudulent; title deposits the Earnest Money "Cashier's check"; then they try to cancel and ask for a refund and have a valid check sent to them in hopes they can cash it, get the money all before the fraudulent check they sent in is discovered. They often pose behind pseudonyns of "real" people/identities they discover online, so if you were to look up the individual, you could find a real person out there. Pretty stupid and not very likely to be successful. If your instincts tell you something's up, listen to them and proceed cautiously.
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Permalink Reply by Liz Johnson on
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Thank you Joanna! This makes total sense! I wasn't thinking it through to writing an offer and doing the earnest money scam. Do you mind if I share this with my office and fellow local Realtors? I found out everyone with listings on Realtor.com got hit on the same day.
Joanna Durrant said:They have you write a contract on one; they send in an Earnest Money check, which if you call the number on the check, it is considered valid, but if you go to the financial institution, they will tell you it's fraudulent; title deposits the Earnest Money "Cashier's check"; then they try to cancel and ask for a refund and have a valid check sent to them in hopes they can cash it, get the money all before the fraudulent check they sent in is discovered. They often pose behind pseudonyns of "real" people/identities they discover online, so if you were to look up the individual, you could find a real person out there. Pretty stupid and not very likely to be successful. If your instincts tell you something's up, listen to them and proceed cautiously.
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Permalink Reply by Kimberley Kelly on
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Good job Joanna! I too, got hit with these e-mails, but when the group told me "you don't have to do ANYTHING. We handle it all. You just let us make the offer on your Short Sale Listings." Alarm bells all over the place. I told them I don't deal with scammers, and to get a real job..
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I love that you told them off Kimberly! I plan on doing the same if they have the nerve to call me or email me again. Realtor.com is aware and had me email them all emails too.
Kimberley Kelly said:Good job Joanna! I too, got hit with these e-mails, but when the group told me "you don't have to do ANYTHING. We handle it all. You just let us make the offer on your Short Sale Listings." Alarm bells all over the place. I told them I don't deal with scammers, and to get a real job..
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