Too good to be true?

Mortgage and Lending with Republic State Mortgage Company

I obviously have a lot on my mind today in reference to the business world. "Too good to be true"?...Have any of you received off of this website inparticular any unusual clients?

Let me elaborate...International buyer, in the US market to make very large purchase. Here comes the "too good to be true" part:

He wants me to deposit a large sum of money into his account, once that occurs then I am to be paid a very unusual amount of money for my services.

Okay I take into consideration that this individual just does not understand how to word his transaction...So, I respond that I need a purchase contract, qualifying information, and terms of financing needed. In other words a lender does not just deposit money into an alias account and then proceed with the paperwork. In summary I became quite bewildered at the persistance of this "unusual" request.

I even received unmarked phone calls to my cell phone from this "borrower". Unfortunately I could not understand most of the correspondence. It was a commercial property that I may or may not have been able to facilitate not knowing whether the "borrower" would qualify.

Readers...there is a scam going on in our industry and I have just been the bait for one "borrowers" attempt to have access to our companies escrow account which may at any given time have millions in it. See the interest in the scam?...Deposit money into an alias account of theirs...someone on the receiving end of that then has access to our wiring instructions...suddenly experts then say that the scam removes money from our accounts and is long gone.

I am not sure who would truly fall for this and see it to the end, but even after I sent out our denial letter due to insufficient information to proceed I got another correspondence that someone else would facilitate the $100,000 and the "borrower" would still be able to include me in this somehow financially...Can you say NO THANK YOU?

I read about it, hear about it, and now have my own story to tell about it.



Comments (9)

Paul Silver
Tiverton, RI
Rhode Island full service real estate firm


We get some emails of this sort litterally daily... We just delete them... most of this stuff is coming out of West African countries, mostly Nigeria, but they now seem to have scammed into using British or other European domain names...

Mostly, I would say to delete them, although I occasionally refer the sender to the FBI or some such... doesnt seem to phase them though...

Aug 13, 2007 07:17 AM
Jennifer Castle
Republic State Mortgage Company - Lexington, KY
Paul - I got his initial contact on active rain. Then he called. I am just baffled that anyone would be so aggressive even after being questioned. You are absolutely correct...they have no fear. Thanks for responding. Take care.
Aug 13, 2007 07:29 AM
Larry Wright
nwRealty.Com - Tacoma, WA
Jennifer ... it never ceases to amaze me what some people with try and what others will fall for.  I get new versions of this email all the time.
Aug 13, 2007 07:37 AM
Danny Nappi
Zest Realty - Riverview, FL

I really feel bad for people who fall for this scam, I don't understand how you can but some people do and there is not much you can do if you are a victim. These scams are also popular on craigs list.

Aug 13, 2007 07:46 AM
Ray Perry
CENTURY 21 The Neil Company Real Estate - Roseburg, OR
Realtor, CRS, GRI, e-PRO


Email is not the only way scams are sent out.  You inspired me to write a blog of my own on the subject.  We need to get the word out.

Aug 13, 2007 08:03 AM
Lizette Fitzpatrick
Lizette Realty - Richmond KY - Lexington, KY
Lizette Realty, Lexington KY MLS - Kentucky Homes
Jen, these scam artists make me crazy! These are clearly people with too much time on their hands. It's amazing how many people actually fall victim to these scams. 
Aug 13, 2007 09:33 AM
J.R. Quarles
Mortgage Executives LLC - Memphis, TN
The Mortgage Innovator


I just saw a special about this last night on NBC. You're be amazed how many people fall for this scam... there have been well educated business people taking money and sending it to them... the reason why so many people fall for these types scams are because the thought of making a quick buck...

Aug 13, 2007 09:52 AM
- -
- - Bogota, TN

Thanks for you for taking the time to comment on this subject in the Active Rain network.  AR is the new "cyber backbone" of the industry, and with it's uplink to it is transforming the real estate marketplace. Agents who don't see which way the cyberwind is blowing are going to find themselves at a considerable disadvantage inside of three to five years.

Jul 22, 2008 01:42 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    We invite you back to ActiveRain in 2018!

Much has changed since you last posted to ActiveRain.  I encourage you to take another look at the website.  

  Best to you!

Feb 15, 2018 05:30 PM