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News for Real Estate Investors and Landlords — forgeries

Earnest Money Scam: BEWARE!!!

Posted by 15789465 on

I wanted to warn you about a scam going around, in case you have not already heard about it. The scam, and its variations, work like this: Overseas buyer contacts real estate agent and wishes to sign a contract on a high-end home. The buyer does not need to see the house before-hand, because the online information is excellent for that property and it is just what they are looking for.  Everyone is really excited about this contract!! The buyer signs a purchase contract that includes a large earnest money deposit. A check arrives to the real estate agent, drawn...

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