REI Scammer Steals Deal in Process

[Brady Speers]

Experienced something for the first time today with a REI jerk that came in at the last minute and snaked a deal I had been working on for two months. Had a SubTo contract signed back in February and escrow opened on the home with an older man who is starting to deal with forgetfulness, etc. Been working through title, mortgage issues, for last 3 weeks and were set to close today when this guy showed up today to claim he now owned the house. Apparently, a week ago, knowing we were already in contract with owner, he took owner down to bank and said he sent a wire to the mortgage company for the behind payments and in exchange made the owner sign a Special Warrant Deed to him on the spot. Owner thought he was working with me and didn't even know what was going on. This buyer knew we had a contract too. He completely screwed this home owner and his family is TICKED about it. This guy fooled them too and now he is demanding they move out by tomorrow. I'm sick at my stomach right now for the old man. He was going to get way more with us and we were going to go the extra mile to take care of him. Plus it was a huge deal for me this spring that we worked our butts off on for 2 months. Have to vent guys. Sorry. No clue what to even do. I will post his name all over the place later.