Home : Blogs : Lynnette Phillips Real Estate Consultant : Lynnette's Blog

Top Five Scams And How To Beat Them

I came across this article and wanted to share the info. Included are Home Improvement scams and Mortgage Bait & Switch scams...could be important to some of our clients.

Especially close to mind for me was the one regarding Fake Checks. Our office advertised a listing in Yucaipa for a horse property on CraigsList. We received a response from someone in Nigeria. As his emails regarding the property became more strongly worded when I kept asking for a commitment that agreed with our regulations I finally asked that he wire (not send a check) $10,000 to open an escrow his emails ended!

In Pictures: Americas Top Five Scams and How to Beat Them

Posted by Lynnette Phillips Real Estate Consultant on 08/28/2008 01:53 PM

Comments (7)

scam, mortgage fraud, bait and switch

This post has been included in California Information
Post is included in group: Everything California
Post is included in group: Inland Empire Networking Info
Post is included in group: Real Estate Fraud, Scams and Ponzi schemes REPORT THEM HERE
Post is included in group: Realtors Needing the services of the Lending Powers
Post is included in group: SO CAL Pass Area Communities and other Interests

7 Comments on Top Five Scams And How To Beat Them

AUG

2008

You have to admire the Nigerian scammers - they seem to have their hands in everything now. This is the first I've heard of them trying to scam some real estate. Iphones and video game systems is just the start I guess! Good link to avoiding scams.

I received a solicitation last week from someone wanting me to help them transfer funds...blah, blah, blah. As I was filing the email in the appropriate location, I noticed the letter was 'signed' by Peter Sham. How brazen do you have to be to try to scam someone and use a last name of SHAM?

SEP

2008

Erik, just how stupid do these people think we are!? Of course they do make a 'living' this way.

SEP

2008

SEP

2008

Its sad. I hate to say this but a lot of Nigerians do scams. Unfortunately they give a bad names to the honest hardworking folks who are not doing scams. Great post.

SEP

2008

Lanre, I agree, it is sad when any group of people become associated in particular with perpetrating scams. Unfortunately one of the best things we can do is make the situation known.

Thanks for stopping by.

NOV

2008

Thanks for sharing---I saw a show about ID theft and apparently Nigeria is a "hotbed" for fraudulent activity. I stay away from any emails that come from that place!

I was reading Erik's comment--and yes the do have a lot of gall!

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?