By joining our community you will have the ability to post topics and access other forums reserved for members. Registration is quick, simple and absolutely free. Join our community today by clicking here. - Internet Anti-Fraud Center - now open!

 Real estate

View next topic
View previous topic
Post new topicReply to topic
Author Message
buried under 419 emails
Baiting Guru

Joined: 10 Oct 2003
Posts: 4326

PostPosted: Fri May 06, 2011 7:11 am Reply with quoteBack to top

I have heard we have people here who are experience in the law.

I have a question, the whole deal sounds like a scam

Guy I know ignored mine and other advice on a real estate deal. The basics of the deal was a person signed a written contract, that said he would pay 100.00 a month till the land was paid off. There was a clause that if he missed 3 payments the deal was off.

He paid more than 100.00 sometimes, but he did miss some payments, still he paid the land off ahead of schedule. The guy finally asked (after a few months) the seller about completing the deal. He got a response saying that even though the land is paid in full the deal is off, and the seller is keeping the money. .

It sounds like a scam. My opinion is.

One the person had paid more than 100.00 many times ( 200, 500, 1000 ) so this would be considered a payment in advance, so he never lapse in payments. The contract never really addressed this.

He did not return the final payment saying the deal is off. The final payment was the end of the obligations of the purchaser.

Are their any experts here willing to give an opinion on is this a scam.

"my dear,
you realy made me a fool which i dont expected from you" mr malambo

"Any money you send to Africa to receive your payment is at your own risk " David Mark

over 1,000 fakes deaded since Oct 2005. This is my current rampage! Mortar x6 Easter Egg 2011 Purple Flower
View user's profileSend private message
Morgain Le Fay
Baiting Guru

Joined: 14 Oct 2010
Posts: 5800
Location: Taking my new .38 special to the range

PostPosted: Wed Jun 01, 2011 4:38 pm Reply with quoteBack to top

Sorry I missed this thread. I am a former real estate agent and also a former paralegal. If ALL the terms of the contract are not completed as specified in the borders (the contract), the deal can be said to not have been completed and in some cases the Seller can keep the money.

Having said that, I would need to see the contract (and know what state the contract is subject to) to see how it was specifically written. One thing in the Buyer's favor is that he paid the land off ahead of time. This should suffice UNLESS the contract stipulated a clause about early payoff.

Basically real estate sales are the same in all states; however, some states have some quirky laws.

IMHO, the Seller is being"prick". Embarassed for using the term!

If you can secure a copy of the contract with the principles names (and other identifying information) blacked out, I would be glad to take a look at it. Just PM me or hit email by my PM button

Closed lad accounts X42 Easter Egg 2011 United Kingdom Mc Fry
Safari Nash and 6 friends 488 Km within Ghana - bait with Agda (2012)
Safari Safari Philip Ghana-Benin (bait w/Agda) 2013
Mortar x5
TV Star
.edu's 260 reported
Click here to support
US Dropbox

"You people are all Junks" - Miss E. Kabx

"Maybe you are insane as your so called sat..." Barrister Insane

The website below is available for Eater folks to use.
Film & Production Needs
View user's profileSend private messageSkype Name
Display posts from previous:      
Post new topicReply to topic

 Jump to:   

View next topic
View previous topic
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

All Content © 2003 -
Powered by phpBB © 2001, 2002 phpBB Group :S5: FI Theme :: All times are GMT