Scam Alert--Grant Deed for Sale Letters Hit Homebuyers Mailboxes!

Reblogger Lynda Eisenmann
Real Estate Broker/Owner with Preferred Home Brokers 00402040

Take a look a look at this! Just another scammer wanting unsuspecting homeowners to part with... their hard earned pay!

Thanks Teri for sharing this, I will be passing this along to my clients!

Original content by Teri Eckholm Minnesota License#90858

Does a Minnesota Homeowner need copy of Grant Deed?

 
A client sent me an email earlier this week from regarding a letter that arrived in their mailbox that day. Sherry and her fiancé had bought an Anoka County house late last year . This letter strongly suggested it was important to purchase a copy of their grant deed for their records. My well-educated clients were confused by the strange  wording in the letter. They began to question their instincts…Did they need this “grant deed and property file” as the Record and Retrieval Company of Champlin was suggesting?
 
The short answer is no.
 
My clients were right to contact me before parting with $87 of their hard-earned money for what is just above a scam in my book. My first instinct screamed “SCAM” as real estate professionals rarely use the term “grant deed” in Minnesota (but it does make it sound official doesn’t it?) At a closing, my clients receive all of the documentation they required regarding the purchase of their new home from their closing agent. She creates a file with all of the signed paperwork and places it is a storage folder with the business cards of their closer, loan officer and REALTOR® attached. The closer then files the deed at the county. Now, should my clients ever require a copy of the deed to their home, they can visit the county offices and purchase a copy directly for a very nominal fee (i.e. significantly less than $87!)
 
This “scam” of selling inexpensive documentation for a high fee started making the rounds in Minnesota early this year according to the Minnesota Better Business Bureau. The MN BBB refer to this offer as “shady” rather than an out-an-out scam. Shady or scam, it is not a good deal and not something a homeowner needs to keep on file. My suggestion, if you receive a letter from the Record and Retrieval Company of Champlin, file it directly in the recycling bin!

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me a call or visit my website for a FREE Relocation Packet or FREE Homebuyers Success Packet.  I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

 

Buying a Home? Check out my HOME BUYER'S BLOG!

Copyright 2012 Teri Eckholm http://www.terieckholm.com/

 

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Rainmaker
1,602,309
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

That reminds me of the people who sell articles from the public domain - like government brochures that anyone can get at no cost.

The worse the economy gets, the more scammers will crawl out from under their rocks.

Mar 30, 2012 11:40 AM #1
Rainmaker
720,762
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Lynda--Thanks for reblogging...I don't think this is something that happens just in Minnesota. When my client called me, I knew it was something that needed to be shared.

Mar 30, 2012 11:54 AM #2
Ambassador
1,543,273
William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional
Hi Lynda, This is a terrific re-blog that Teri wrote. I am guessing that this scam will make it's rounds throughout the country.
Mar 30, 2012 12:21 PM #3
Rainmaker
1,339,377
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Lynda, I've just had a listing of mine, a home for sale, high jacked on craigslist and advertised for rent.  Of course  when an unsuspecting renter parts with their money they quickly find that the home they planned on renting was actually for sale with the owners living in it...I've heard more and more people affected by this.  These scammers are really pathetic.

Mar 30, 2012 12:47 PM #4
Rainmaker
552,739
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Marte ~ You hit the nail right on the head...that's exactly what this is and that's why it irks me so dog-gone much!

Hi Teri - No thank YOU for sharing this and I'm only too happy to share this information, I hope others are re-posting too, it's important to get the word out.

William ~ I'd agree, although this is the first time I've heard of this one.

Hey Nick ~ Like you, I've had multiple ads hijacked from Craig's list myself, actually all of mine were rentals...however the scammers  advertised the same properties for almost 1/2 the actual price.

Mar 30, 2012 01:05 PM #5
Rainmaker
720,762
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Lynda--Sadly, it hasn't been reblogged by anyone other than you. But I think this is something very new but will be wide spread throughout the US. I know when I had my kids, the hospital warned us about scams for the birth records...it was almost identical to this. But this is the first time I have seen or heard of this since I have been in real estate. Now with all the activity starting up in housing again, I think people will think they need to have copies of their deeds to protect their purchase or some such nonsense. It is easy to be confused. I was happy that my client notified me of this so I could save them money and hopefully warn others.

Mar 31, 2012 08:00 AM #6
Rainmaker
552,739
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi again,

You are so right, Btw, I just noticed your post was featured, so glad to see this. I know a couple of us made the suggestion glad to see it happened!

Mar 31, 2012 11:49 AM #7
Ambassador
1,554,006
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Lynda  I read this earlier and will undoubtedly reblog it as well in the morning

Apr 01, 2012 08:00 AM #8
Rainmaker
552,739
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Karen,

Thanks for reposting Teri's original...important info to get out there.

Apr 01, 2012 01:56 PM #9
Rainmaker
720,762
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Hi Lynda--Yes it was featured...Thank you. I don't have as much time to post as I used to but make the time when I think it is something of benefit to many others. This "deal" is something that can affect many others and there were few things that popped up in a Google search of "grant deed" so even somewhat savvy people could be mislead.

 

Apr 03, 2012 11:35 PM #10
Rainmaker
1,339,377
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Lynda, I've heard of this scam going around...don't know anyone personally that was taken in by it, but I have my own scammers to deal with stealing my listings and putting them out on Craigs list for rent...I'm sure you've heard of that one.

Apr 13, 2012 02:10 PM #11
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Lynda Eisenmann

Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co
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