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Watch Out for This New Real Estate Scam

By
Mortgage and Lending with SMP Mortgage, Inc. NMLS# 130562 NMLS# 220593

The scheme is to dupe the buyer into thinking that a last minute change has taken place and they need to do a wire transfer.

The scam takes place via email OR a real live snail mail letter.

This is an amazing one.  I do wish the scammers would put their amazing brain power to work for good.

Check it out at RealtorMag

 

Comments(3)

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Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Richard Smith We agree with you; can you imagine how sucessful these scammers could be if they focused on lawful enterprises. Thanks for sharing!

Dec 23, 2015 09:32 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

This is pretty scary stuff.  I guess I have to make sure my customers know to verify by phone any wire transfer requests going forward.  

Scammers won't stop because it is easy. They don't pay taxes and they are hard to catch. 

Jan 12, 2016 08:26 AM
Elaine Stewart
Elaine Stewart is the #1 Individual RE/MAX Agent for 13 years straight in the Coachella Valley. (760) 668-2399 - Palm Desert, CA
RE/MAX All-Pro

Thanks for the warning and totally agree with you.  If these people would put their brains to better use, it might just surprise them on the good they could actually do.

Jun 01, 2019 10:23 AM