"Deals" that really aren't deals

[CJ B.]

This morning I was following up on a potential "deal" in San Diego from a property that listed yesterday. On the surface, it looked like a great deal, although the description in the listing was rather vague. It listed at 375K. Did the math would have rehabbed/sold at 550K all things being equal.  

Called the realtor this morning and he said they had 11 blind offers already as of 9 am this morning! 

He also mentioned the house was a short sale which hadn't even been finalized yet. 

But this one really made me laugh....."whatever the final accepted offer is, the buyer would need to give the seller a "cash for keys" payment of 10K ABOVE the final accepted offer--and that's not negotiable. 

Needless to say.....I walked.  :-)

[LaDonna Smith]

Ridiculous and more importantly, likely illegal if it really is a short sale.  Run like the wind from that transaction