Deb's Lake Conroe Real Estate & Stuff! : The Search Is On~

The Search Is On~

The search is on for a man that visited a client of mine that claimed to be from the Lending institution that is currently placing her homestead into foreclosure. We will call my client Ruby as I must change the names to protect the innocent! Ruby is in dire need of selling her home as she has dropped behind on payments and cannot get a response from her Lender. wolf-in-sheeps-clothing--dom058.jpg Wolf image by fayrena1

Ruby's Lender is telling her that they have no control over the loss at this point. They say the wheels are in motion and the only way for her to guarantee anything is to send her payment in full. She's panicked.

So, again, this man shows up at her door claiming to be from the Lender. He gives her a line that the Lender was unable to get her on the phone so they paid him to visit her face to face. In the very same conversation he told her that he was a Loss Mitigation Representative and that he had the ability to stop the Lender in their tracks and "make the Lender" work with her.

Wow. This is a convoluted story from the beginning. It gets worse. Ruby then receives a call on her cell phone from the very man that visited her. He begins to tell her that if she would simply pay him $2,200.00 that he would guarantee to save her home. WHAT?

Now, friends...what does this conjure up in your mind? Can you spell S-C-A-M?

Obviously people who are on the verge of losing their life investment and the roof over their heads are a bit vulnerable and confused. Until Ruby explained this to our Team, she was seriously considering handing over the money.

I use to advocate Loss Mitigation till I had a very sour experience with it. When one finds that all their work to save person's home was for naught it takes the joy out of the "almost charity driven" goal. As a Loss Mitigator we were provided with all the individuals personal information down to the loan number and their social security numbers and their current cell phone numbers. If this info falls into the wrong hands it could be the perfect lead in for a scam!

Warn your Peeps!

There is no better target than a person who is hanging on by a thread. If I discover that this is legit I will let you know. Until then, beware.

Later in the rain~Deb


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Comment balloon 29 commentsDeb Brooks • March 10 2009 03:12PM


There are lots of scammers out there right now.  Tough times seem to bring them out of the woodwork as they try to take advantage of the disadvantaged.  Take a look at all the scammy classifieds of craigslist or the many scam auctions on ebay right now, it is amazing.  I would estimate more than half the big ticket items are scams right now.

Posted by Robert May, Real estate consulting (Robert W May - Lethbridge Real Estate) over 10 years ago

Thanks for posting this, we all need to be aware and protect those clients that we can.

Posted by Chris & Karen Highland, Integrity, Experience, Enthusiasm! (eXp Realty) over 10 years ago

There are more scammers than ever. You need to be very careful and never give your personal information to anyone if they claim it is to verify your account. Be smart are careful!! Good luck!

Posted by Betina Foreman, Realtor, C.N.E., with WJK REALTY (WJK Realty) over 10 years ago

Love that graphic. He really is a wolf in sheep's clothing. Sometimes it's hard to believe the new depths to which people will sink.

Posted by Vickie Nagy, Vickie Jean the Palm Springs Condo Queen (Coldwell Banker Residential Real Estate) over 10 years ago

Deb... Wow that is criminal behavior, I hope you called the Cops, these tactic are only going to get more frequent as the scammers hone their approach.

Posted by Steve Loynd, 800-926-5653, White Mountains NH ( Alpine Lakes Real Estate Inc., ) over 10 years ago

Hi DEB!!!  yes, please keep us posted!

Posted by Pippa Mac, The Woodlands TX Real Estate (Chevaux Group Realtor, The Woodlands and Spring) over 10 years ago

Deb- We have the same SCAMS here that is why I write warning posts about this scam all the time. You can not say it enough times.

Posted by Katerina Gasset, Get It Done For Me Virtual Services (Get It Done For Me Virtual Services ) over 10 years ago

It floors me to think of what people do just to make a dollar!!!!  Thanks for the post


Posted by Justin Voisin (RE/MAX Realty 100) over 10 years ago

Hi Deb

Your customer best course of action is to engage an real estate attorney, I've good luck with the attorney's helping homeowners is distress.    

Good luck and success

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) over 10 years ago

That is what a scam is - feeding off the vulnerable.  It is so wrong on so many levels and it makes it so hard for those who are trying to do it right.  They say that catastrophe brings the best out in people - and your client is dealing with a catastrophic event  - let's hope we start seeing the best.

Posted by Steve Richman (Genworth Financial) over 10 years ago

Like it's not bad enough, someone has found a way to prey on those who are already in dire straits.  nice.

Posted by Alan May, Helping you find your way home. (Coldwell Banker Residential) over 10 years ago

Deb, Good thing she you watching her back!

Posted by Barb Szabo, CRS, E-pro Realtor, Cleveland Ohio Homes (RE/MAX Trinity Brecksville Ohio) over 10 years ago

Deb, I smell a BIG rat with this one. As you said the rat is spelled S-C-A-M. I'm glad you are one of the good guys out there watching out for folks.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) over 10 years ago

Deb- Thank goodness she had someone like you to watch out for her! This is the second scam post I've read on AR today. We all need to keep each other updated on what's going on so we can protect ourselves and our clients. Good job!

Posted by Ilyce Glink, Best-selling author, award-winning TV/radio host. (Think Glink Media) over 10 years ago

Deb- with all due respect to your client.. only a fool would fall for this. This should be featured, great conversation piece.

Posted by Greg Nino, Houston, Texas (RE/MAX Compass, formerly RE/MAX WHP) over 10 years ago

Hey Deb,

Smells kinda funky.  If it really is a scam, that guy should go to prison for a VERY long time.

I'd be interested in your experience if you have heard about what I emailed you...very interesting.

Posted by Stephanie Edwards-Musa, knitwit at thred UP ( over 10 years ago

Deb-Wow that is so awful!  I am going to re-blog this for more exposure.  What a shame that people have to worry about such a thing at a low point in their lives.   Like Ilyce said, keeping each other updated really helps nip these kinds of things in the bud.  Thanks for the post!!


Posted by Debbie Walsh, Hudson Valley NY Real Estate 845.283-3036 (Shahar Management) over 10 years ago

Hi Deb... I have heard this same scam going on with alarming frequency (you are about the third or fourth person to tell me about it this month).  It's awful that there is not a better way to warn folks about these scams BEFORE they get taken advantage of.   

Posted by Steve Shatsky over 10 years ago

Deb, Do keep us posted...I have heard these scam artists some times zero in on people who are behind in their property taxes...

Posted by Lori Churchill Cofer, Realtor - 509-330-0086 - Pullman, WA (Beasley Realty) over 10 years ago

That is ridiculous Deb. I have said a thousand times and I will say it yet again 1 million, 100,000, 100,000,000 more, it is never that hard to do the right thing. Why do people feel it necessary to manipulate the ulnerable. Geez, this pisses me off.


Posted by Bo Hussung (Bell Title /Triserv LLC) over 10 years ago

Deb, They repeat this here on our local channel over and over again.  People are paying for help and (obviously) losing the money.  It's such a shame and I do hope they have stiff fines and punish they people that are involved with these scams.

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) over 10 years ago

Some lenders do send people to the door to verify who is living there if anyone.  I know Countrywide does.  And as far as those Loss Mitigators that went to a couple hour, or couple day training...wouldn't touch them with a 10 foot pole, but many people don't know what to do as you said.

Posted by Kathy McGraw, Riverside County CA Real Estate (CELLing Realty) over 10 years ago


There is a con artist waiting in the wings behind misfortune's door.  It is a shame.

Posted by Rebecca Levinson, Real Estate Marketing and Online Advertising Consultant (Real Skillz-Clear Marketing for Your Real Estate Vision) over 10 years ago

Yowser, you wonder how people can be so low as to prey on vulnerable people like that.  Makes my blood boil. 

Posted by Janna Scharf, Coeur d'Alene Idaho Real Estate Expert (Keller Williams Realty Coeur d'Alene) over 10 years ago

Thanks for the heads-up, Deb!  There never seems to be a shortage of scum-bags and carpet-baggers out there.

Posted by Randy Hooker, Gilbert, Chandler, Mesa, Queen Creek (Dreamcatcher Realty / Greater Phoenix Area) over 10 years ago

Deb - At least Ruby has a feisty Realtor on her side! Go get 'em girl!   

Posted by Carol Culkin, Overland Park (Reece & Nichols) over 10 years ago


Thanks for the warning. Ruby is in good hands! Great new picture!!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.750.6899) over 10 years ago

Anything new on this Deb?


Posted by Debbie Walsh, Hudson Valley NY Real Estate 845.283-3036 (Shahar Management) over 10 years ago

Deb, This just makes me SICK.  Scumbags.  Wow.  I'm sitting here shaking my head wondering how these people sleep at night, don't you?  I'm glad you wrote a post about it.  I hope the public reads it!

Posted by Elizabeth Cooper-Golden, Huntsville AL MLS (Huntsville Alabama Real Estate, (@ Homes Realty Group)) about 10 years ago