Anybody else encounter or overcame this problem before?

I see you’re from the area so any pricing fee you are familiar with would be what I would be encountering in the area.

They are a scam and will likely end in wasted time and disappointment. 

I've encountered a similar situation. 

My family member contacted me concerned about this matter (since I tell everyone that I am a REI and currently working to get my real estate license) however I have yet to encounter this scenario in my studies or in real life.

keep in mind fake lenders are the new Nigerian prince scam of real estatethere is no private money that is less than about 10% apr.. bottom line.

According to my real estate agent, deals like the one I encountered are extremely rare and sought after, but im a bit worried its too good to be true.

This sounds like a recipe for disaster...and I think I am justified in that assessment since one of the places you have considered investing is with a company that are complete scam artists.All investing is a risk based activity, but people need to learn and understand better risk assessments and mitigation.

The funniest one was cutting them or putting "scam" across the front.

Does anyone have any suggestions or encountered this problem?