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Private Lending & Conventional Mortgage Advice

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33
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Chris Howell
Pro Member
  • Flipper/Rehabber
9
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33
Posts

Need help possible funding scam!

Chris Howell
Pro Member
  • Flipper/Rehabber
Posted Jun 8 2020, 10:47

So I have been working with a private money lender on a deal and have exchanged well over 100 emails. But when it comes time to wire money he is now asking for more money.

More money than what was agreed on and signed on our contract.

He is claiming that the bank is requiring this fee for insurance on the wire transfer and can not complete the funding until I send more funds to him.

Is this normal? I have never heard of this and neither has my bank.

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