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Ambassador
2,743,265
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Using forms that were downloaded from the internet, or bought at an office supply store.

Seller wants to hold the deposit check, not a third party attorney or title office.

"You won't need a lawyer, this is just a standard real estate sale".

Jul 16, 2016 05:33 AM
Rainmaker
3,988,194
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Use you intuition and if something doesn't feel right, sound right or smell right, it probably isn't right.

Jul 16, 2016 01:53 PM
Rainmaker
5,277,454
Richard Weeks
Dallas, TX
REALTOR®, Broker

Buyer is going to leave the closing with money.

Jul 18, 2016 02:35 AM
Rainer
2,765
Jim DeCamp
Jim DeCamp Mortgage Broker - Greenwood, IN
Indianapolis Mortgages for Doctors, Lawyers, Vets

Here are a few tell-tale signs that you may be dealing with real estate fraud:

No government-issued ID;

Sales price exceeds fair market value;

File contains more than one contract with significant differences in price;

Buyer’s check indicates another to be remitter;

Attorney-in-fact involved;

Title held by virtue of an unrecorded deed;

Loan secured by property recently paid off;

Jul 17, 2016 07:31 AM
Rainmaker
4,904,488
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Flags wave.  Education and experience combine that anything that seems too good to be true typically is.   

Jul 17, 2016 05:36 AM
Rainmaker
1,566,440
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

There is one that is happening in my town right now and I actually found it before it hit hte papers!  Long story short, guy is trying to sell his grandparent's home, which he doesn't own.  Red flags:

  • Don't disturb the occupants (not always a red flag, typical on foreclosures but this was a "standard sale").
  • House was advertised FSBO on Craigslist (lots of fraud there) and not in the MLS.
  • Seller had a way to "save everyone money" by not using escrow and title (the reddest of all red flags).
Jul 17, 2016 04:12 AM
Ambassador
3,767,618
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

I think it's more important to learn how to avoid incompetence.  There's a whole lot more of that out there than outright fraud.

Jul 17, 2016 02:59 AM
Rainmaker
1,466,267
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Kimberly Taylor Anything that looks like it may be too good to be true.

Jul 16, 2016 11:56 PM
Rainmaker
5,733,498
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Luckily it has not been a problem for me. While the list can be extensive a good starting point would be Fred Griffin's list!

Jul 16, 2016 11:36 PM
Rainmaker
1,024,953
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

If it sounds to good to be true, it is

Jul 16, 2016 11:24 PM
Rainmaker
3,075,667
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Anything that could result in this  

Jul 16, 2016 10:49 PM
Rainmaker
5,569,243
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Have never had to worry about this issue.

Jul 16, 2016 09:51 PM
Rainmaker
8,423,417
Roy Kelley
Retired - Gaithersburg, MD

Verify everything and be wary of things that appear to be too good to be true.

Jul 16, 2016 09:35 PM
Rainmaker
4,323,400
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Kimberly Taylor - there are many! Not disclosing the facts can be considered one of them.

Jul 16, 2016 04:49 PM
Rainmaker
1,675,882
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC • Short Sale • Probate

I think, that the best solution would be: to hire an experienced real estate consultant. 

Jul 16, 2016 03:33 PM
Rainmaker
2,443,346
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Be honest, do your due dilligence.

Jul 16, 2016 01:03 PM
Ambassador
6,944,734
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

There are a lot of con men out there watch out

Jul 16, 2016 12:39 PM
Rainmaker
2,236,146
Debbie Laity
CinaJones Real Estate - Cedaredge, CO
Your Real Estate Resource for Delta County

If it sounds too good to be true, it probably is. Always do your homework. 

Jul 16, 2016 12:23 PM
Rainmaker
1,231,903
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Kimberly Taylor Just covered this topic in Real Estate Fundamentals class today. Hope you can join us for quick review tomorrow morning

Jul 16, 2016 07:16 AM
Rainmaker
5,586,490
Barbara Todaro
Retired...Mentoring Newbies - Franklin, MA
Previously Affiliated with The Todaro Team

I've never been confronted with any fraudulent situations.....

Jul 16, 2016 07:02 AM
Rainmaker
1,282,530
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

common sense, too real to be true.

Jul 16, 2016 05:12 AM