real estate scams: Should I lease an air-condition for my home? SCAM ALERT!
- 10/23/16 02:21 AM
This morning I spoke to an older woman (74) who is ready to sell her home so she can move to a nearby retirement community. There's just one problem. She's involved in a scam that will very likely prevent it.
2 years ago she signed a contract on a 10 year lease...for an air-condition. A brand new unit (if she bought it) costs between 3-5k. Unfortunately, she signed a binding agreement at $220.00 a month for 120 months. She can terminate the lease at anytime for $7,500.00. Over 10 years she will have paid $26,400.00.
I am still learning more about the situation and have additional questions...
1. What happens at … (4 comments)
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real estate scams: Buyer Qualifies with a 388 Credit Score With No Money Down - Incredible!
- 10/26/10 05:07 AM
Yesterday I deleted all but one of the 239 spam emails from my inbox. We've all seen the emails that read.. "APPROVED BUYER WITH 400 CREDIT SCORE."
So I decided to call Wynaldo with Wynaldo Back Door Lending. His email read.. "EVERYONE IS APPROVED." Obviously this was gonna be a reallllllly long shot, but what they hey I thought.
Much to my surprise Wynaldo was able to fully approve my buyer, even though he has a 388 credit score. Here's what my buyer ended up with:
1. A 5.73% interest rate, 30 year fixed-rate.
2. Down payment … (13 comments)
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