2,699,987
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".
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Nina Hollander, Broker
Charlotte, NC
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Debbie Laity
Cedaredge, CO
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Ari Taylor
Peabody, MA
4,656,621
Kimberly too many to list here, this is more like a long and detailed blog post, Endre
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
3,988,138
Use you intuition and if something doesn't feel right, sound right or smell right, it probably isn't right.
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Nina Hollander, Broker
Charlotte, NC
5,068,673
2,765
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;
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Flags wave. Education and experience combine that anything that seems too good to be true typically is.
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1,531,164
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).
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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.
1,466,257
Kimberly Taylor Anything that looks like it may be too good to be true.
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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!
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3,073,909
5,255,150
8,086,922
Verify everything and be wary of things that appear to be too good to be true.
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Kimberly Taylor - there are many! Not disclosing the facts can be considered one of them.
1,643,560
I think, that the best solution would be: to hire an experienced real estate consultant.
2,443,345
6,626,607
2,234,761
If it sounds too good to be true, it probably is. Always do your homework.
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Kimberly Taylor Just covered this topic in Real Estate Fundamentals class today. Hope you can join us for quick review tomorrow morning
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1,258,333