alt Hacker NewsThis doesn't make sense, earnest money would be in escrow until the title clears. The scammer would never have access to the earnest money, nor would it ever get transferred to them unless the buyer took too long to close, or didn't come up with funds?? Like the title company would almost have to be involved for this to work.
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phendrenad2 • yesterday at 8:42 PM
Yeah I wonder if this entire "scam" is a scammer's urban legend, where one scammer brags that they successfully executed it and all the rest try it a few times and eventually give up. Sort of like the search for pirate gold.
The title is often actually transfered, and it is a mess to clean up.
You could walk into a court house and submit paperwork for filing, that transfers the title - all without any kind of sale or verification. It happens.