Seattle Bubble

News & discussion about real estate & the housing bubble in the Seattle area.

Seattle Bubble - News & discussion about real estate & the housing bubble in the Seattle area.

Entries Tagged as 'scam'

Foreclosure Flipping Scam Spam

By The Tim on June 3rd, 2009 at 10:14 AM · 25 Comments

The foreclosure scammers are out in force, and they’re coming at the “opportunity” from all angles. Not only are there unscrupulous people out there trying to dupe struggling home debtors out of their money, but now even the financially stable (homeowners or not) are apparently becoming targets.

Check out this spam I recently received:

From: 1 Day Dough
To: The Tim
Subject: Flip REOs With Proof Of Funds

It’s no secret that the biggest area of opportunity in Real
Estate right now is in For’eclosures. There is a tidal wave of
them for us to ca’sh in on.

The rules of engagement have changed though.

The good news is I’ve cracked the code and so no there’s NOTHING
to hold you back.

Join me Thursday June 4th at 8:00 PM ET /5:00 PM PT for a fr’ee
webinar where I will share with you the details on how you can
start flipping For’eclosure deals immediately with none of your
own mo’ney or cre’dit.

Space is limited. Reserve your seat now here

[website address removed]

Here’s to you and me making 2009 our best year EVER!

W’ow. I should probably ju’mp on this opportunity right AWAY!

→ 25 CommentsCategories: Humor
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The Biggest Real Estate Scam Of All Time

By The Tim on April 24th, 2009 at 9:11 AM · 18 Comments

A reader sent me this excerpt from the Fraud Examiners Manual (2006 edition), published by the Association of Certified Fraud Examiners:

Real Estate

Real estate scams are easily recognized. There is almost always an element of time pressure, with the victims being convinced they are participating in a “once-in-a-lifetime, now-or-never” deal. The investors are led to believe there is no time to investigate the venture, and that if they hesitate, they will miss the opportunity to make a fortune. Promises of big profits for little or no involvement are the norm in real estate scams.

Oh snap, America… you’ve been scammed.

→ 18 CommentsCategories: Features
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