Buyer Beware: Realtor Scam

Here is another buyer beware: tax evasion and illegal?! Yep. 

There is a seller in the Aguada area, working with a real estate agent from Rincon, who will pressure buyers into signing the sales contract at a lower selling price (~60% lower than agreed upon selling price) and pay him the difference "under the table”.  To top it all off, he also wants 15% into escrow and 15% paid to him directly during the singing of the sales contract.  Sadly, the dodgy seller, the unethical agent and the attorney all work together. Needless to say, if the sale doesn't go through, the buyer is out his money!

Sounds like those people need a visit from Vito (the Crusher) and Vinnie (the Vice)!! Leave a few broken bones with each and those people will think twice before scamming again. 

Ya do what cha gotta do!!!!

That is why it is important to use your iwn lawyer and to check the credentials and complains against the lawyer and realtor.

Getting an apraisal on the property is also important to make sure you are not paying “Gringo” prices.

I can't believe buyers are naive enough  to fall for these scams.

Igustaf, you are so right. But no worries, you reap a harvest from what you seed you have sown. Those type of people have a BAD harvest coming!!

Wow!  bummer...

Rey, I absolutely agree with you. It is essential to have your own attorney. A must that he/she is bilingual if the buyer is non Spanish speaking.

Yes, we call it walk away and report the offending parties!!!