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Just send us your checking account # and routing # and we'll transfer the the funds into your account.
TENNESSEE HOME TEAM
If you try to deposit it then whose the dummy?
TENNESSEE HOME TEAM
we have gotten a fake EMD, but it didn't say dummy check. It was a faked cashier's check and we called local law enforcment. The FBI came and collected the check and emails.
Run! Because the buyer will run soon
Never had that happen, it is amazing what we see in this business!
Weird is the norm in this business any more! Dummy checks accepted by dummies I guess..good catch!
Of course this is a predator. Now, if you have time, and need some entertainment.....
Go ahead and tug the line and see what happens. When you flush the rat out of the hole, let us all know. Try to get them to spend as much money as possible.
Set up a file or email account to perserve all communications. You'll want to include it in the book you will consider writing later.
They called you a "DUMMY" so make them pay.
Hmm...no...very odd. What did the buyers' agent say?
John McCormack, CRS
It's a scam. Throw it away and move on. We only accept wire transfers.
Seems a scam is coming along every day.
It's not as malicious as it looks. It's an offer accompanied by a "dummy check" that is probably going to be an electronic funds transmission when the contract is executed. Present the offer, and if the seller is going to counter, stipulate that the EM will be deposited to an escrow account. (In my area, escrow is opened with a title company of seller's choice.)
When my buyers write an offer, it's accompanied by a copy of the EM check, especially if the offer is written through Dotloop or scanned to E-mail. The EM is dropped off/mailed/wired after the contract is executed.
If they are legit, they could be initial checks on a new account? So, in essence, "temporary" checks? Or the 180 days could have meant, that after being "issued", meaning if you write out the check and it's not deposited within 180 days it becomes invalid? Always good to check these things.
I've never had anything like this happen to me. (Though, I guess it's better than a check that you don't know will bounce.)
That's a new one for me.
Daniel Hayes - possible. The check is no good until there is an agreement between buyers and sellers.
However, if the seller accepts the offer, the REAL check should be expected.
Daniel Hayes You weren't supposed to catch it.Good job on your part. Did you go back and ask for certified funds or did the buyer run?
NO, I have not even heard of that before. Needs to be a real check, as we know title does cash them.