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Attempts To Defraud

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jtrotta

Senior Member
Joined
Jan 16, 2002
thwarted to attempts to Defraud this past week and saved some unknown Banks thousands in wasted mula; it was kinda typical scenerio, Builder makes an attempt to Buy at well above asking price - IMHO, so that the proceeds could be shared equally. Neither were large amounts of capital, but I ain't gittin involved in any of that unless millions are placed in a swiss acct. :rofl:

really, they couldn't pay me enough; still can't believe that afta all the press regarding "scams" these idiots are still tryin ta play, well not on my watch :angry:


:ph34r:
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
pretty easy to get tricked. I recently saw a dual offer and acceptance, one for me and the bank and one for the "real" sale which involved adding closing costs, changes, etc. into the tailor maide O & A. I got wind of it by the MLS listing being changed to a higher price and pointedly asked the real estate agent. When I was not satisfied with the answer, I pushed it a little further and go the straight poop (i think)....really mad builder/seller...tuff
 

jtrotta

Senior Member
Joined
Jan 16, 2002
Terr

doncha jus love it :mrgreen: , with access by anyone & everyone to MLS data nowadaz, do they actually believe they can be that tricky :question:

well ya could fool some of the people some of the time; half the people half of the time; and some fools all the time :beer:

:ph34r:
 

Stone

Elite Member
Joined
Feb 1, 2002
Professional Status
Certified General Appraiser
State
Wisconsin
I recently saw a dual offer and acceptance, one for me and the bank and one for the "real" sale which involved adding closing costs, changes, etc. into the tailor maide O & A.

That is really scary. :blink: Good catch.
 

Blue1

Elite Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
California
Here's a good one.....

4-plex under contract for (let's say) $200,000. 4-plex NEXT DOOR (same size, same construction same everything) now listed for $200,000. Guess what? The 4-plex NEXT DOOR just sold 3 months ago for $130,000!

So....I have a GREAT comp but it's $70,000 below purchase price of the subject and exactly the same.

I call the listing realtor (of the comp) and realize that he is the same realtor that sold it 3 months ago. I ask him why he listed it so high and he said "the market has gone up." That's it!

I talk to the tenants of the subject and find out that the seller (owner) knows the realtor (of the property next door) and that realtor has been "helping" him.

I can't find anything close to the purchase price of the subject......in fact most sales reflect the sale price of the comp next door at $130,000. Ask for better comps......none coming.....Am told that the "market is increasing" and I should base my value on the now "pending sale" next door.

Can you say SCAM! Well that was 3 months ago and guess what? The "comp" next door is STILL a pending sale!

As you might expect, I came in far too low and "killed" the deal.......
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
:) Good for you. Now enjoy those LO and deal-a-tor calls for the next 2 weeks. :p
 
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