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All Forum Posts by: Courtney Foster

Courtney Foster has started 1 posts and replied 5 times.

Post: How do I spot scam lenders?

Courtney FosterPosted
  • New to Real Estate
  • Pennsylvania
  • Posts 5
  • Votes 0

@Jeff S. Hi and thank you for the feedback.

To add clarity, the opportunity(or lack therof), presented itself to me. I know that I am fairly new to the industry, so it wasn't in my goal or plan to find a lender at this phase of learning.

I received the email(I'm assuming, from a recent group I joined). Which brought forth my posed question. I was not seeking lending at the time I was presented with the solicitation.

However, your points make perfect sense and are valued! I'll definitely read deeper into the links you've provided. Much appreciate!

Post: How do I spot scam lenders?

Courtney FosterPosted
  • New to Real Estate
  • Pennsylvania
  • Posts 5
  • Votes 0

Thanks for the feedback everyone. It's definitely added value.

Post: How do I spot scam lenders?

Courtney FosterPosted
  • New to Real Estate
  • Pennsylvania
  • Posts 5
  • Votes 0

@Kyle J. WOW!! Thank you for such thorough feedback! I've actually had this happen once before(getting to the point of them requesting a wire transfer).

I was able to gather the "upfront" information, and call the bank to verify with the branch manager. I believe I may have saved an elderly woman's bank account from fraud that day(they wanted me to deposit the funds into her account).

All of this information has been valuable. Thanks again!

Post: How do I spot scam lenders?

Courtney FosterPosted
  • New to Real Estate
  • Pennsylvania
  • Posts 5
  • Votes 0

@Derek Dombeck thank you very much for the insight. That would have been my next step. More red flags started to become visible, so I stopped communication. Thankfully, no pertinent personal information was shared. Thanks again for your feedback!

Post: How do I spot scam lenders?

Courtney FosterPosted
  • New to Real Estate
  • Pennsylvania
  • Posts 5
  • Votes 0

Hello all,

I recently received an email offering lending. I asked for more to details to try and vet the party, and I was sent a website richardlendinghome.com for further information. Everything "seems" legit, what are your go-to processes to properly vet a lender? Note: I am still fairly new to rei, but have been building my business credit, as I learn and grow.