2013 Real Estate Scam

So you want to get rich in Real Estate. You don't have much money, but you heard all the stories of how people broke the system and made it rich in Real Estate. The Internet is full of Real Estate Scams with one intent.... to quickly part a fool and the little money they have. Not only are these scam artists using the Internet, they have enough guts to hold seminars in major cities to collect more money. I can tell you ---- beyond any doubt ---- the only thing these people know about Real Estate is their scripted plan to suck money out of victims with high hopes and dreams of making it out of this depressed economy we seem stuck in. Let me show you how it works.


Charges begin at the very beginning. After a free introduction online or at a local meeting which consists of NO USEFUL information ---- ONLY a load of hype, people fall for these plans like an unsuspecting fish goes for a shinny lure. Things look so good, fees seem like a small investment. Let me tell you what you are investing in. There is a scripted system you are investing in. This scripted system is not designed to make any money for you! It is a system to put money in the pockets of this carefully formed network of thieves. The first charge is a set of lessons, either online or a condensed live seminar. They will tell you about some secret list of foreclosed properties. Here is the hook. They tell you only certain Real Estate Agents get this list! Any suggestion of a separate list is against local MLS rules and agreements all Real Estate Agents share. Every licensed Real Estate Agent must sign an agreement to share all their listings with all other Agents on the local MLS. There is no secret foreclosure list. These people are trying to impress you will false information.
  • September 11 2013 - Menomonee Falls
  • 1
    1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

Yes - like the Rent to Own pit of horrors people think is a great thing to go find. If you find one run, if you get involved in one good luck to you and hope you don't lose too much learning you should have run from it.

  • September 11 2013
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Actually there are multiple lists of "foreclosed" properties.  You just need to understand the list that is being provided to you.  For example some banks do list their bank owned properties on their websites.  Sometimes they refer you to the agent that has it listed.  There are other sites that offer lists of homes that are in the foreclosure process.  There is no guarantee that these homes will be for sale or even foreclosed on.  Realty Trac for example does not even have accurate information about their foreclosed homes.  I looked one up on their website that stated it was currently in foreclosure.  I had been about 6 months prior and had sold.  It even sold again a second time in that 6 month window as a newly rehabbed home.  My added information would be "buyer be ware."
  • September 11 2013
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.