Ever Dealt With A Con Man

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291
https://activerain.com/droplet/5d2H

 

Have you ever had a con man as a buyer? 

Years ago, I had a buyer who wrote an offer on a vacant exciting home close to our Baltimore Harbor.  He was so smooth, he was so confident and he was a charmer.  It was going to be a quick settlement and I was waiting for his proof of funds before submitting the full price offer. 

Did I mention he was smooth?

This charmer made contact with the other agent and was convincing that he had a great investment just for her. He got real 'friendly' with that listing agent with assurance he was buying. 

She was somehow smitten and gave him the keys to this property... not only before settlement but before it was ratified, which never happened.

He, along with some friends, moved in, had some wild parties and did some serious damage.  

Have you dealt with a con man?

Would you like to share your story?

 

 

con man 

 

'Con' is short for confidence.

'A con man gains trust and confidence and then is able to cheat the victim.'

 

Know your buyers!

Do your research!

Be Careful!

 

Margaret Rome

 

 

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Rainmaker
470,813
Terry McCarley
REMAX Realty Team - Cape Coral FL - Cape Coral, FL
REALTOR, SRES, CDPE - Cape Coral, FL

I have met a few over the years and can usually figure them out very quickly.  The worst I ever dealt with was a “flipper” who convinced me to invest with him - he bought the houses and I would finance the repairs and we would split the profits.  Sad thing is he flipped the house and left me with approximately 40k in credit card debt I can’t possibly pay.  He is extremely smooth and I am finding more and more people he has scammed.  Being a single one income person I am literally sick over the entire mess as he has not put me in such a bad position I have no choice but to file bankruptcy and I am physically ill over it.  Cryin

Jun 28, 2018 09:19 AM #35
Rainmaker
2,042,653
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Lots of people out there looking to live off others. Such a shame we cannot trust people more.

Jun 28, 2018 09:50 AM #36
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Sharon Tara We have to be so careful not to get scammed but also not let it affect how we treat others. There are a few bad apples everywhere. Trust but verify.

Jun 28, 2018 12:22 PM #37
Rainmaker
1,450,915
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Yes - and we never did quite figure out the con. Two guys came to town and began making offers on fixers - anything with a low, low price. After they were accepted, they woud disappear, then come back with a story.

They did "close" on one property - a seller carry contract. They wrote a personal check for the down payment, so the closer held off on closing and distributing the funds for several days. She didn't learn that the check bounced until 2 or 3 days after she had closed out the file.

All we can think is that they were taking the accepted offers back to the Seattle area and getting money from investors - which of course they never spent on the houses.

Jun 28, 2018 01:50 PM #38
Rainmaker
1,429,597
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Margaret, wow, my jaw is dropped thinking of what the other agent did. If it sounds too good to be true...I find most of the con's claim to have cash and then when proof of funds are requested they get angry I won't just run out and show them places. If my gut is telling me something is off I trust it, too risky not too!

Jun 28, 2018 02:12 PM #39
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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Marte Cliff This post has opened a whole new meaning on scam. I am receiving calls of how our own industry is being scammed. The problem: the con men are smooth, going after single, divorced and widows. Getting close with them, borrowing money, paying it back right away and then getting them for large sums. These are smart women who have been taken...first romantically..then for large financial losses. Too embarrassed to report so these con artists continue to do the same over and over.  Just wondering how can we help?!

 

Jun 28, 2018 02:22 PM #40
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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Amanda S. Davidson The story in this post is relatively simple in comparrison to my comment #40

Jun 28, 2018 02:23 PM #41
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Margaret Rome, Baltimore Maryland
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Here is my follow up post

 Amanda S. Davidson 

Jun 28, 2018 08:36 PM #42
Rainmaker
372,771
John Wiley
Right Move Real Estate Group- EXP Realty - Fort Myers, FL
Lee County, FL Real Estate GRI, SRES,GREEN,PSA

Margaret, I am concerned when I see agents that are so hungry for a deal they drop their guard and do not take proper precautions. Thanks for sharing this valuable experience, I hope it will help us all to be on the alert.

Jun 29, 2018 08:30 AM #43
Rainer
86,039
Mike Kelly,CRS,CIPS
The MJKelly Team - Santa Rosa, CA
"One of Sonoma County's Natural Resources"

We have scammers come into the market place whenever it crashes. I've been through 4 cycles and they always show up. Many are the 100% financing guys who try to take loans "subject to" have the Seller generate cash out of the deal by refinancing a 2nd on the property so they can credit back the Buyer for alledged carpet repair, etc. Scammers. We had someone put into our MLS a property which the agent was buying as a "short-sale". He was "flipping" a possible purchase of his short-sale in progress! Never happened. 

Jun 29, 2018 04:18 PM #44
Ambassador
2,258,064
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Margaret and yes Vegas Bob has dealt with Con Men before and maybe someday I will share a story with you.

Your post has been featured to the group:

LATE NIGHT - EARLY MORNING AT ACTIVERAIN

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Jul 01, 2018 08:38 AM #45
Rainmaker
1,484,056
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

Never experienced a real con man... unless you include car salesmen!

Jul 02, 2018 06:16 AM #46
Rainmaker
937,286
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Apparently charm got that man everything!  Haven't had any serious charmer/con men just the random stuff we all see.  That's a valuable lesson for anyone though.  Never give out keys until a deed records!

Jul 02, 2018 03:03 PM #47
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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Robert Vegas Bob Swetz I will be looking forward to your sharing the stories...please don't wait too long.

Thanks for the feature  in your special group.

Jul 02, 2018 09:42 PM #48
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC And that a good thing. You have been very aware and have not been taken advantage. Congrats!

Jul 02, 2018 09:45 PM #49
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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Jan Green A charmer he was. This guy could look you straight in the eye and tell you a lie...not even a flinch. I think this agent, if she is still in the business, learned her lesson!

Jul 02, 2018 09:47 PM #50
Rainer
456,642
Kimo Jarrett
WikiWiki Realty - Huntington Beach, CA
Pro Lifestyle Solutions

Unfortunately, con men and women prey on their victim's desperation to secure something, usually of value and their inability to walk away from the deal. John Wiley, #43 ratifies this phenomenon, so, before paralysis, investigate and validate not only the prudence of the offer or transaction but the producer.  Wisdom comes from lessons learned from our journey of our life. 

Jul 04, 2018 01:35 PM #51
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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Kimo Jarrett Oh so true! 

'Wisdom comes from lessons learned from our journey of our life.' 

Jul 04, 2018 06:52 PM #52
Rainmaker
1,415,834
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

OMG that is one bad agent to hand over the keys.  We get a lot of those types in Hawaii... they come and go... they get spat out pretty fast actually.

Jul 05, 2018 03:40 PM #53
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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Georgie Hunter R(S) 58089 I could see how that could happen in Hawaii.  We all have to be aware and on guard.

Jul 08, 2018 07:20 AM #54
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