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Is it Fraud? REALTORS® Beware!!!
I recently was working on a listing for a nice young couple from my former hometown. They had asked me if I would list their property after they had tried for several months to sell it privately. The catch was, they first wanted to wait to see if a private deal they had secured would come to fruition. They were waiting for a cheque in the mail from a man from overseas who had expressed interest in their property and had promised to send a "deposit". Well, the day that we (my partner in real estate) and I were to go list, they got that cheque in the mail. They canceled our listing appointment, but still wanted us to do the paperwork for the transaction. After several questions about the private deal, we learned that: RED FLAG #1: the man had sent a very large cheque which he wanted the young couple to cash and then send back half of so that his "financier" and his "investment partner"could fly to Canada and view the property first hand. RED FLAG#2. The man claimed that he was from England, yet the postmark was from a different country. RED FLAG#3. The cheque looked legitimate ... more

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