19 July 2019 | 12 replies
contract assigning is selling real estate without a license and starting to be regulated more and more.. the laws are on the books but with all this guru training and such the internet spawned thousands of wood be wholesalers on the unsuspecting public and that has created so many terrible deals.the ones that simply walk away from a 20 dollar EM deposit with no worries what damage they may have a caused a seller..
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1424508/small_1621512168-avatar-mquintana.jpg?twic=v1/output=image&v=2)
25 July 2019 | 9 replies
This does not mean filing an eviction on an unsuspecting tenant and blind siding them with this.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1042448/small_1634214332-avatar-danielc372.jpg?twic=v1/output=image&v=2)
31 July 2019 | 18 replies
The second category involves lawsuits where some website "steals" and sells an architectural plan to unsuspecting buyers.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1068731/small_1621508377-avatar-seanw103.jpg?twic=v1/output=image&v=2)
4 April 2019 | 28 replies
They look for unsuspecting, honest people, send them $1,000 over the asking price for something and tell them they need the owner of the item to pay the move with the cash.Then they pick up the piece of furniture, the cash, and leave the victim "sometimes" penniless, literally.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/373638/small_1621447440-avatar-williami.jpg?twic=v1/output=image&v=2)
12 June 2019 | 4 replies
If it is, query the listing agent.For a short sale, it is Very difficult, and perhaps not legal, to process a short sale without the cooperation and signatures of the original Borrower.The lender, if they will entertain this, will require the property be listed on the mls for likely a minimum of 5 days before any contract is considered (this is a whole different game when you have a buyer lined up, and have to “make it public on the mls” before accepting an offer).The hoa is Not going to make a bunch of money on this.....they’re still out the original hoa debts and the bank is only going to offer them a fraction of what is owed If the y approve the short sale.Be aware, some associations have hosed people in the past by selling units they acquired thru foreclosure by selling them to unsuspecting buyers via QCD, not letting them know about the underlying mtg.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/213816/small_1621433702-avatar-angiestephens22.jpg?twic=v1/output=image&v=2)
8 October 2019 | 12 replies
I see this daily from my perch as a local lender and its only when I break down the deal for these unsuspecting investors do they see the "light".
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1384065/small_1633226887-avatar-joshf229.jpg?twic=v1/output=image&v=2)
10 September 2019 | 7 replies
Check buildability/restrictions with the local building dept.In addition on this vacant lot....check the zoning and land use classification, wetland classifications, etc. none of which will be part of a title search/insurance.People typically wanting to “avoid red tape” are looking to dump some problem onto an unsuspecting sucker.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/69068/small_1621414186-avatar-investor_dan.jpg?twic=v1/output=image&v=2)
11 July 2015 | 30 replies
I'm sure there is going to be some sort of "system" pitched during the webinar that some unsuspecting person will blindly be sold.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/71036/small_1621414475-avatar-robthehouseguy1.jpg?twic=v1/output=image&v=2)
29 March 2011 | 16 replies
I have read and heard of many stories, some of which from the actual source, where this guy was crooked, scammed someone, or showed no integrity.This is just another example of some guru DB taking advantage of unsuspecting individuals hungry for the "quick buck" which we all know is not out there, you must work for it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/47385/small_1621409161-avatar-baruchmax1.jpg?twic=v1/output=image&v=2)
14 April 2011 | 1 reply
They agreed the firm needed to cut its bullish bets on mortgage bonds.The Senate report alleges that Goldman then undertook a multibillion dollar series of trades to hedge its bullish bets by selling mortgage-related trades to allegedly unsuspecting investors.