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Watch Out For This New Scam In Orange County

Reblogger
Real Estate Agent with Berkshire Hathaway California Realty DRE #01492138

There is so much "Fraud" going on and this article made me sick. Victims preyed upon for $25,000 and probably will never see anything back as it is so hard for authorities to shut these fraudsters down and collect any assets.

Warn your family members, friends and clients about this particular scheme. We have to do what we can to protect the public. This occured in Orange County, CA but may occur all over the country as well.

Mark Paulson wrote this informative article and I would suggest than many of us at ActiveRain re-blog it and try to get the word out.

Original content by Elite Home Sales Team BRE# 02066030

Watch Out For This New Scam In Orange County

An real estate agent in Yorba Linda had a telemarketer call them and represent themselves as a real estate agent and thus the new scam started in Orange County. The person on the phone offered $90,000 more for the time share they own in Mexico. All they had to do was pay 10 percent tax to the Mexican Tourism Department which they would get bact after the close of the deal.

So the couple sent $25,000 to a bank in Guadalajara. They said they went through with the deal because the telemarketer gave them the name of a real estate agent in CA and his license number. According to authorities this time share scam is being played out all across the US and Canada.

The callers identify themselves as ERA agents and always offer full price or more on the property. The scam is paying the Mexico a fee.

If it sounds to good to be true it probably is.

Elite Home Sales Team

Instant MLS Listings & "Free" Market Analysis

Mark Paulson and Tim Lorenz

www.markandtim.com

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Comments (4)

Victor Zuniga
Berkshire Hathaway Home Services California Properties - San Diego, CA

Kristin,

Thanks for scam alert. It's very sad that people stoop to such a low level.

Mar 19, 2012 02:42 AM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Kristin - Good choice of re-posting in hope of preventing other grief.  Sad the world has come to this level of greed.

Mar 19, 2012 02:52 AM
Kristin Hamilton CA REALTOR
Berkshire Hathaway California Realty - Beaumont, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Victor,

Yes you are so right; it is very sad. Hopefully these articles will get out to potential victims and they will say NO when someone calls.

Mar 19, 2012 02:55 AM
Kristin Hamilton CA REALTOR
Berkshire Hathaway California Realty - Beaumont, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi John,

I agree, there are so many fraudsters out there taking advantage of people. Warn your clients, family and friends. We must do what we can to alert the public of fraud. I just took a class with CDPE and did I hear some amazing things people do and the real estate agents are clueless during the escrow. Real Estate agents must keep their eyes open too. If a deal looks too good, it is probably bad.

Mar 19, 2012 02:59 AM