Short Sale Scams

J Philip Faranda July 2, 2010

The following email thread is cut and pasted with the address redacted. I left the “reputable” guy’s name etc be, since he’s so reputable and ethical.

For the record, a Google search of the two companies yield only their web pages, and although the author claims to be in business for 6 years, the Better Business Bureau has no record of either firm. For context, my firm has been in business for 5 years and has an A rating with the BBB at this time. 

I told the highly reputable and ethical person we used our own attorney to negotiate the short sale because I’ve seen this movie before and knew that the person would insist on using his guy. His response didn’t surprise me. Google either one and they are curiously close to each other. 

Sorry; too many red flags. But who wouldn’t want to trust a client’s financial life with a guy with an email address of apocolyps89@hotmail.com?  

___________________________________________________________________

J Philip Real Estate

 to Bryan

show details 11:08 PM (10 hours ago)
 
Yeah, I figured. 

Why in the world  anyone would allow an agent of the other side of a sale be an authorized 3rd party is beyond me. 
– Hide quoted text –
J. Philip Faranda
Broker/Owner, J. Philip Real Estate LLC
2010 Vice President, Westchester-Putnam MLS
(914) 762-2500 Office
(914) 470-1124 Fax
(914) 450-8883 Cel
http://www.jphilip.com
http://WestchesterRealEstateBlog.NET
http://JPhilip.Listingbook.com
http://twitter.com/jphilipfaranda

2010/7/1 Bryan Davenport <apocolyps89@hotmail.com>

Thank you, Phil.  Unfortunately, we will have to pass on this home.  We use GC Mitigation Services for all of our deals.
 
All the best, 
Bryan Davenport
 


Date: Thu, 1 Jul 2010 18:03:12 -0400
Subject: Re: XXX Road, South Salem, New York
From: jphilip@jphilip.com
To: apocolyps89@hotmail.com

Do you want to see the property? If so, I can schedule a walk through and if it meets your needs you can make an offer. I have an attorney negotiate the short sale with the lender as the client’s advocate, and she does an outstanding job on the dozen of files we have closed. 

Phil

J. Philip Faranda
Broker/Owner, J. Philip Real Estate LLC
2010 Vice President, Westchester-Putnam MLS
(914) 762-2500 Office
(914) 470-1124 Fax
(914) 450-8883 Cel
http://www.jphilip.com
http://WestchesterRealEstateBlog.NET
http://JPhilip.Listingbook.com
http://twitter.com/jphilipfaranda

2010/7/1 Bryan Davenport <apocolyps89@hotmail.com>

Hi J. Philip,
 

I am the Field Representative for Your Luxury Home Group. We buy luxury short sales. This property meets our criteria. We have been buying and selling short sales for 6 years and are highly reputable and ethical. 

Please contact me 

Bryan Davenport
Joint Venture Associate 
Your Luxury Home Group
 
(317) 332-8352

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