CL wholesale house comedy... these people are so bent

CL wholesale house comedy... these people are so bent

Davis, CA · Member since 2016 · 595 posts · 344 votes

So a CL ad goes up(actually like 4, which is low)... obvious wholesaler... I start emailing... I get responses from several different people... it was on xome and is now "pending" guy emails me back and goes yeah it is tenant occupied etc... are you ready to buy?  I said I would love to look at it when vacant and ready to go...  I dont understand why wholesalers do this garbage..

He says oh... issue is my investor has the purchase assignment. and for 15k EMD he will assign it to you, and then you can evict or cash for keys... but you cant see the inside..

in California... I am gonna buy a property in some stage of pre or full foreclosure, with the owners still in it...?  what a joke...  I said dude, your guy has an ASSIGNABLE purchase agreement... with the bank...?  he says no, he just bought it on xome and it is in escrow (which means his offer is actually just in review with the bank) but he can assign his xome win... wtf

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Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
7y

tell us something we don't know about these FRAUDS AND SCAMMERS. Just had one advertise a pool home in Naples for under 100K. Pics looked decent. Then he proceeds to tell me they are trying to get it under contract but give him all my info and what I am looking for and he will put me on his list. These guys are a waste of time. 

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  • Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    7y

    tell us something we don't know about these FRAUDS AND SCAMMERS. Just had one advertise a pool home in Naples for under 100K. Pics looked decent. Then he proceeds to tell me they are trying to get it under contract but give him all my info and what I am looking for and he will put me on his list. These guys are a waste of time. 

  • Flipper/Rehabber · Sacramento, CA · Member since 2016 · 807 posts · 815 votes
    7y

    15k EMD? What about the actual assignment fee? Doesn't sound like he knew what he was talking about. Another shady "wholesaler" giving the good guys a bad name. You can wholesale a house in pre-forc but there's a correct way to do it. Sounds like this was an REO or something.

  • Investor · Tampa, FL · Member since 2011 · 2k+ posts · 3k+ votes
    7y

    The chances of him getting an assignable contract from xome are 0. 

    We bought a few on there back when they were homesearch.com but that was before the mass of institutional wholesalers and buyers drove up the prices. 

  • Davis, CA · Member since 2016 · 595 posts · 344 votes
    7y

    it is hard enough to buy a house straight from the bank, through a realtor... you are telling me you control a house through xome, on an auction that didnt even meet reserve, and your all cash sale is assignable... joke..  these dopes just slow everything down... 

  • Davis, CA · Member since 2016 · 595 posts · 344 votes
    7y

    I am almost to the point of just emailing them for fun.... like Nigerian email scammers...

  • Investor · Jasper GA · Member since 2015 · 1k+ posts · 1k+ votes
    7y

    If you will just send me your bank account info, password,  DOB, Copy of your drivers license and social security number my Nigerian cousin will take care of the assignment for only $5,000

  • Davis, CA · Member since 2016 · 595 posts · 344 votes
    7y

    yup.

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y
    Originally posted by @Bob B.:

    If you will just send me your bank account info, password,  DOB, Copy of your drivers license and social security number my Nigerian cousin will take care of the assignment for only $5,000

     or your approved for a 50 million dollar loan at 3% and you don't have to make any payments and we go down to a 500 fico.

    just sent me 800.00 app fee but you are Approved.

  • Investor · Jasper GA · Member since 2015 · 1k+ posts · 1k+ votes
    7y

    @Jay Hinrichs

    @Jay Hinrichs  Where do I send the app fee..... lol

  • Davis, CA · Member since 2016 · 595 posts · 344 votes
    7y

    it sucks too because this is a great property.  golf course home run down by foreclosed owners...  but these dips are clogging up the process...

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