High End Property Scam with Chinese Buyer

By
Real Estate Agent with Keller Williams Partners, Inc.
https://activerain.com/droplet/4lZN

There's only one thing better than a lead on a $800,000 property and that's a ready, willing and able BUYER for an $800,000 property.  So when I get the lead and they've shown that their Ready Willing and Able to buy a house they've never seen in a not so popular spot for high end homes red flags go off. 

Off course I get enough inquiries on homes to know when a question comes through that's out of the ordinary.  So when I see this come through about a particular property   "Hello I would like to formally make an offer of $780,000 for this property. Kindly get back to me ASAP if my offer would be accepted by the sellers. Thanks Kin."  I know that it's way out of the ordinary.

So being a professional Realtor who takes my job seriously I decide to see why he wants to make an offer.  Has he seen the home before?  I then get this response:

Thank you.

I have been to the area last year and liked the location.

Understand that I and my wife are OK with pictures and information we have seen so far as we would like to initiate the purchase process from China before we arrive USA before the end of next month.

This for we would not like to lose the property.

I am in China at the moment and hope to be in USA next month.

The home would be a cash buy as I have attached a scanned copy of my bank statement for your reference.

My contact information is

Address: unit 45 Liwaili Apartment, Futong West Street, Chaoyang, Beijing, China

Telephone: +86968942776

I would like to settle an up front deposit of $15,000 and close Early June.

Kindly get back to me with the  next step in accord.

Regards,

Kin

This is obviously not a real buyer, but his scanned bank statement was so funny I almost spit coffee all over my keyboard when I opened it.  See below. Click on it for a larger version.  Is this guy looking to buy your properties too? 

Fake Proof of Funds

 

close

Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Elizabeth Caplan 10/07/2014 10:25 AM
Topic:
Real Estate Best Practices

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Anonymous
Tammy

Guess they are trying to scam into Canada now too. I received the same email on August 4 from Jun Sying. Glad I googled the name.

Aug 05, 2015 08:14 AM #62
Anonymous
Lori Mitchell

Lori Mitchell-REMAX Alpine Realty Canmore Alberta Canada

Same email that was sent to Carolyn was received by myself and a associate today.
Too funny

Aug 07, 2015 04:28 AM #63
Anonymous
D. SIemens

Received same email today- am sale by owner and luckily a former realtor so easy to spot a scammer. Wonder what he gets out of this???

Aug 08, 2015 03:19 AM #64
Rainer
56,862
Bryan Tobiason
Keller Williams Partners, Inc. - Gardner, KS

D. Siemens, he will send a check for the full amount of purchase as earnest money, or something way above any "normal" amount. Then ask you to kindly refund the difference a day or two later. In about 5-10 days the check is found to be fraudulent. He seems to specifically request closing attorneys and not title companies. Perhaps the title companies are hip to the scam?

Aug 10, 2015 07:30 AM #65
Anonymous
Bernie Krec

Just got the exact same one from Jun Sying. I have played along with him so far just waiting to see how he goes about the scam. He asked me to refer him to a Lawyer. I am in Canada so things are a little different here, we don't deal with title companies or escrow etc.

Aug 14, 2015 07:42 AM #66
Anonymous
Dawn Olson

Yep. Got one from Cheng Gong.

The house would be a cash buy,and please understand i and my wife are satisfied with the pictures and

information we have seen so far as we would like to start the

purchase process from china before we arrive USA by the end of next month.

Please find below my contact information.

Address: Flat 103 south Guangshun Road Wangjing Chaoyang District China.

Telephone: 86 76 734 25522

I am willing to pay an up front deposit of $15,000 and close mid Oct

Kindly get back to me with the next step in accord.

Regards,

Cheng.

Aug 14, 2015 12:39 PM #67
Anonymous
Nick Rioux, ABR, CRS, CNE...

About a week a so ago, I basically received the same type of email in my inbox from Cheng Gong looking to buy a home in a Blue Collar Town for $450,000!! Then I asked for a certified/notarized bank statement for proof of funds for his all cash deal Offer and I received one supposedly from the 'Bank of Communications' (Really!). The logo for the bank was cut and pasted onto his PDF and his statement showed that he has $8.5M in it... I'm sooo glad I Googled his name and China address.

Aug 19, 2015 05:23 AM #68
Rainmaker
1,471,205
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

For everyone involved in real estate transactions, the key is vigilance and making sure that what is happening should be happening.

Oct 04, 2015 04:32 PM #69
Anonymous
Micah Utt

Jun Sying from Hong King is currently asking to buy one of my listings for cash. I will spare you the details and simply say that the situation is a carbon copy of so many I just read about in these comments. (Cash purchase with bank statement provided, buy sight unseen, $15,000 ready to deposit, needs attorney info asap).

Oct 29, 2015 11:50 PM #70
Anonymous
Felice LaMarca

Same email from Jun Sying to me as well. He/She is waiting for me to send a contract. Be waiting a long time.

Nov 03, 2015 05:47 AM #71
Rainmaker
797,059
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Bryan - Well, this scam is still happening. This time, I was contacted by a Mr. Chao, who currently lives in Canada. This scam is sending money to an attorney, canceling the check, or writing the check for too much, and hoping to get the attorney to send a refund check.

Nov 06, 2015 12:59 AM #72
Anonymous
Erin Ann Martin

Same story here in Delaware (also an attorney state) but this time I was contacted by a Miles Lee (milesl@hotmail.com). He also contacted another agent in my office with the same exact communication as he had done with me. Both of our "leads" came in from Point2Point.


Thank very much for your respond,
Please find below my Address and phone number
12b Chao Wai Avenue Chao Yang District Beijing China
Telephone: 86 57 423 04422
Please i and my wife love and are very OK with the pictures of the house and info we saw on the internet so far as
we would like to begin the purchase of the house from china before we arrive USA by the end of next Month.
Please again we would not like to lose this house.
Me and my wife are in China at the but hope to be in America next Month as the house would be a cash buy.

Please find attached a scan copy of my bank statement if you need it.
I would like to pay an upfront deposit of $12,500 and to close middle of January.
Please i await your respond and kindly respond with the next step,thanks.

Regard,

Lee.

Nov 10, 2015 12:16 AM #73
Anonymous
Ramona Homier

I received one from Miles Lee, offering full prices cash offer closing in two months. He wanted everything sent electronically. I then called one of my settlement attorney's he immediately said he has seen this before. The client sends a bogus check and they after a week or so he will cancel the sale and request the funds returned.

Nov 16, 2015 04:52 AM #74
Anonymous
Nelson Mac

Good day everybody my name is Nelson Mac am from Sweden but i live in United State San Antonio Texas few years back i was financially strained i rushed to my bank to apply for a loan to start up my business but i was denied by my bank because of my credit score and they could not help and due to my desperation i was scammed by several online lenders who promised to help me but at the end i was scam i lost my money and my hope because i was so frustrated, One day when i was going through the internet again i found one lender call Mr Larry Scott i thought to give it a try one more time to my biggest surprise he was able to lend me a secure loan totally the amount of $200,0000 for the first time in my life i realize that there are few lender who don't scam people his name is Mr Larry Scott i will advice any body that are in need of loan to contact him with his Email (scottlarry816@gmail.com) he can be able to help you because he was a God sent to me this year and i will never forget him for the help he render to me.

God bless him

Nelson Mac

Feb 29, 2016 05:49 PM #75
Anonymous
Kelly Roller

Same story. William Tao wanting to purchase $410,000 home sight unseen, wanting to close with an attorney (not title company), $15,000 deposit, only communicates via e-mail and lives in Beijing, but will be here for the closing in 2 months.

Mar 26, 2018 04:10 AM #76
Anonymous
Cindy

And now they move to purchasing high end luxury boats.

From: Chan Kai
Sent: Tuesday, April 17, 2018 6:58 PM
To: Cindy
Subject: Re: 57' Jeanneau 57

That is great news,am in China but i will like to initiate the buying
of the boat from here before my arrival in U S A next month ending
will that be OK by you?

The boat would be a cash buy and please understand i and my wife are
satisfied with the pictures and information we have seen so far as we

My wife and i would not like to lose the boat because we are in china.

Address: 111,Dong Feng Xi Lu,Yuexiu Qu,Guangzhou Shi Guangzhou,China.
Telephone: 86 76 734 25501

Kai.

Apr 17, 2018 06:15 PM #77
Anonymous
Kelly Roller

William Tao (williamtao44@gmail) insisted he close with an attorney (or at least the attorney hold the deposit) in a state that closes with title companies. He sent a deposit of $499,970 in form of a check drawn off National Bank of Canada AFTER Mr Tao and seller had both signed a mutual release of the contract for Mr Tao's non-performance in meeting earnest money deadline. And the purchase amount was only $425,000 to begin with. I had previously sent the attorney this link because it all sounded the same as the above posts. The attorney called the bank in canada and was informed it was a fraudulent check.

Apr 25, 2018 04:18 PM #78
Anonymous
Steve Nguyen


GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE.. I am direct to a provider who has recently issued banking instruments for a couple of my clients the provider is 100% check-able you can do your due diligence on them. I personally know the provider. Our instruments are only from triple 'a' rated banks and we issue from $1M to $5B . The provider is 100% verifiable. If you are genuinely seeking bank instruments. Contact me and i will furnish you with details. They deal with issuing of instruments such as Bank Guarantee and Standby letters of credit also Letters of credit. I only want serious buyers then i will put you in touch with the provider directly. Bank Guarantee (BG) Standby Letter of Credit (SBLC)

I will be glad to share with you our working procedures.

Management.
Contact Name: Steve Nguyen
Email: baseonsteve101@gmail.com
Skype: financialcapitaltrustplc001
PH: +1-336-283-3097
BROKERS ARE WELCOME & 100% PROTECTED!!!

Sep 17, 2018 05:47 AM #79
Anonymous
Walsh Robert

We are authorized Financial consulting firm that work directly with
A rated banks eg Lloyds Bank,Barclays Bank,HSBC bank etc

We provide BG, SBLC, LC, LOAN and lots more for clients all over the world.

We are equally ready to work with Brokers and financial
consultants/consulting firms in their respective countries.

Our procedures are most reasonable and safest as we operate a 100% financial risk free process which entails that the issuing and receiving bank continues the transaction immediately after DOA is countersigned

We hope to establsih a long term business relationship with you even after this first trial

Regards
WALSH SMITH, ROBERT
email : info.iqfinanceplc@gmail.com
skype: cpt_young1
Tel contact: +447031968934
Registered No: 04374045

Sep 19, 2018 11:46 AM #80
Anonymous
Thomas

I have an English document that I
would like you to translate into Spanish. It's titled PERFORMANCE
MANAGEMENT PROCESS. Its a 52 page document with 8,789 words.
Please reply so I could attach and send it to you.
My regards

Apr 12, 2019 08:18 AM #81
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