I had an internet request from someone named Wu Gregeory from Canada that wanted to buy one of my better listings in Pelican Pointe Golf & Country Club in Venice FL and they wanted me to draft offer for them, $580,000 with $31,000 escrow close in 35 days and they wanted me to have home inspection done and added to HUD. They emailed me the terms of the contract which seemed OK. Mr. Gregory also wanted me to get an attorney to represent and close the transaction. I was very skeptical but did have an open house and several people where there looking for their friends in Canada. I Googled the name and it came up that he was a doctor so he did have the means to pay for the home (list price was $589,900). I asked for proof of funds and he sent it to me and the bank checked out. I still had gut feeling that this was too good to be true. Mr. Gregeory requested that I send offer to him by DocuSign as he did not have the ability to print and email so I drafted up the offer and made appointment with my sellers.
Still feeling something was not right I did explain to sellers not to get hopes up as I felt that this might be a scam but did not want to miss out on the opportunity should this be a real offer. We completed the documentation and sent to Wu Gregeory by DocuSign. I then turned over to attorney and also told them of my suspicions. I also requested that Mr. Gregeory wire funds to attorney's escrow account and he stated he was not able to. I think at first they thought I was a little over protective of my sellers as they could not understand what the scam could be. Well when the check arrived it was for $350,000, not $31,000. The scammers are hoping attorney deposit's check into escrow account and then they cancel contract and request escrow back and only later the attorney finds out that the check had been canceled and is no longer valid.
I also found out Wu Gregeory struck again a few weeks later in Sarasota FL. This time the attorney was able to inform the agent about the scam before it went any further and before anyone could get injured.
I feel foolish that I was not able to figure this out beforehand but am glad that in the end no one got hurt.