Posted by: Timothy Ellis (The Tim)

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

25 responses to “Foreclosure Flipping Scam Spam”

  1. patient

    One can only hope that these are distributed mindlessly and that it reaches someone at the Attorney General’s office and that someone decides to attend.

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  2. BillE

    Better ca’sh in on the fr’ee for’eclosure mo’ney.

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  3. Acerun

    Gr’eat now I have somewhere to invest my foreign lottery winnings!

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  4. softwarengineer

    IT’S THE SAME TYPE OF SCAM THE “GET RICH QUICK BOOK” AUTHORS USE

    If it was such a good idea, why is this charlatan selling space at his conference and not just flipping repos? Believe me, the “free” webinar means buying his software or book to get in on the details of the take. The system is usually overly convoluted, so after the sap that pays him like $99 [a full refund within a short time period will be offerred of course] won’t be able to test it as a complete failure until the full refund date is passed.

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  5. Ray Pepper

    Sounds like some of the emails I get for rentals.

    “Hello kind sir”

    “My name is Oligario B Sandalazar from the Republic of Ghana”

    “I will forward the the required funds immediately upon receipt of a valid bank acct #, phone #, address…..etc”

    I always respond to these in my old junk aol acct and try to string these people along. Its fun to respond to them–”I accept your offer…please furnish me with an address to mail the check and your phone #. I also need a pet deposit..Do you have dogs or cats?”

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  6. Cheap South

    C’rap! Now you t’ell me it’s a s’cam!!!

    First the wife of the Nigerian ambassador, and now this??

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  7. Dave Lincoln

    RE: patient @ 1

    I don’t think they will advocate anything illegal at the meeting, so why should the Attorney General care? Not everything stupid is illegal, nor should it be. But, I am sure that the meeting will promote stupidity, unless people are just there for the free cruise*.

    * What?!? No free cruise! I ain’t coming then. Y’all let me know what happened, mmkay?

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  8. Dave Lincoln

    RE: Cheap South @ 6 – and to Ray:

    There is a group of Canadians that made a hobby of (I don’t know what other word to use, sorry) f__king with these people. I wish I could remember the exact web site. At least one of them got a few hundred or so bucks out of the Nigerians, which is by far not an easy thing to do. However, it took a lot of hard work over a period of months. You could probably do better flipping foreclosures or pimping out the Nigerian Ambassador’s wife out for tricks down in Tukwila.

    Not that I would do that, of course. I want her to stay here and keep cleaning house, when I let her out of the basement. You’re probably wondering what that’s about, but I just answered the nice Nigerian guy’s email and we took it from there.

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  9. Slumlord

    Tim,

    Your dire warnings about falling house prices have led me to conclude that it is time to stop paying my mortgage. I fully expect you to swoop in, buy all the foreclosures (including mine) and make a fortune as prices turn the corner upwards. The real idea behind Seattle Bubble was brilliant! [Joking, of course]

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  10. E

    RE: Dave Lincoln @ 8

    You mean this one?

    http://419eater.com/html/sheldon_venture.htm

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  11. Beef

    http://www.419eater.com/

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  12. Lake Hills Renter

    Nothing gives a stamp of legitimacy like extra characters to avoid spam filters.

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  13. patient

    RE: Dave Lincoln @ 7 – If it’s a scam it’s likely illegal, no?

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  14. jon

    RE: Dave Lincoln @ 8http://www.419eater.com/

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  15. Dave Lincoln

    RE: jon @ 14

    That’s it, John! Thank you very much.

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  16. Dave Lincoln

    RE: patient @ 13
    No.

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  17. patient

    RE: Dave Lincoln @ 16 – Then I guess there is an even bigger reason for them to be there so they can make it so.

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  18. Mike2

    By Dave Lincoln @ 7:

    RE: patient @ 1

    I don’t think they will advocate anything illegal at the meeting, so why should the Attorney General care?

    Spam advertising is illegal.

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  19. Dave Lincoln

    RE: patient @ 17
    Patient, I don’t think of the word scam as meaning something that is necessarily illegal. For instance, this whole buying expensive diamonds for women thing is a major scam by DeBeers, but there’s nothing illegal about it. Yes, man-made diamonds are better, have fewer flaws etc., but you are apparently not a real man if you don’t spend 2 months salary on a natural diamond ring (that’s why I recommend getting engaged while you are between jobs) that is worth 1/2 the price if you return it next week.

    I didn’t know sending email spam was illegal, Mike2. Maybe this was a personal message to The Tim, anyway. I sure didn’t get one. I feel kind of slighted. I wouldn’t go to their stupid free-cruise tupperware party anyway, those meanies!!

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  20. EconE

    By Dave Lincoln @ 19:

    For instance, this whole buying expensive diamonds for women thing is a major scam by DeBeers, but there’s nothing illegal about it. Yes, man-made diamonds are better, have fewer flaws etc., but you are apparently not a real man if you don’t spend 2 months salary on a natural diamond ring (that’s why I recommend getting engaged while you are between jobs) that is worth 1/2 the price if you return it next week.

    LOL!

    Priceless.

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  21. Dave Lincoln

    RE: E @ 10
    Just noticed your post, E. Thank you too.

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  22. Mike2

    By Dave Lincoln @ 19:

    RE: patient @ 17

    I didn’t know sending email spam was illegal, Mike2. Maybe this was a personal message to The Tim, anyway. I sure didn’t get one. I feel kind of slighted. I wouldn’t go to their stupid free-cruise tupperware party anyway, those meanies!!

    Perhaps it was a personal message, but whomever wrote it is apparently familiar with the techniques for avoiding boo’lean spa’m filte’rs.

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  23. neverabrogatedcommunity

    They’re not making any more for’eclosures!

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  24. Lake Hills Renter

    By neverabrogatedcommunity @ 23:

    They’re not making any more for’eclosures!

    Actually, they are. =)

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