Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Licensed in 20 states)

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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

       It's been in Florida for about a year.   There is also the Manhattan NYC Judge who just got scammed for $1,000,000+ via a bogus email.

      Our Board Attorney warned us about this in writing... he said NEVER wire funds without first telephoning your Title Closer or Title Attorney for confirmation.

Jul 28, 2017 05:02 PM
Rainmaker
5,582,796
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

how are you getting involved with that???  wise guys are now scamming buyers....  what's this world coming to?? 

Jul 28, 2017 04:45 PM
Ambassador
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

We have had 2 cases recently locally totaling over $300k and your basic errors and omissions insurance won't cover it.

Jul 28, 2017 09:26 PM
Rainmaker
1,492,585
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Yes I'm a crime stopper.  

Jul 28, 2017 07:27 PM
Ambassador
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Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Holy smokes this scam just keeps getting bigger and bigger Caroline.  We are hyper vigiliant regarding these issues.  Sad commentary but it is what is....ugh.

Jul 28, 2017 05:13 PM
Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Jul 29, 2017 06:24 AM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

In CA we require to sing a special form warning against wire fraud, the escrow does the same. 

Jul 28, 2017 10:06 PM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Our board & attorney on the forms committee just put an entire paragraph in our forms about the wire fraud scam to alert buyers and sellers and everyone (and also to protect agents, lenders & title).  We all need to make our clients aware of this.  Scams are out of control. -Kasey

Jul 28, 2017 09:30 PM
Rainmaker
3,986,172
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I tell my clients NOT to OK anythig without my approval including anything from their lenders.

Jul 28, 2017 09:25 PM
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

So far i have not had any clients receive this fraudulent email. I do communicate that they must call the title company directly and get wiring instructions.

Jul 28, 2017 07:46 PM
Rainmaker
5,810,605
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

After my clients receive wire instructions, I like to have them call the title company to confirm.

Jul 31, 2017 09:39 AM
Rainmaker
1,487,352
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

You can ask them to stop, but it won't happen.  Of all the fraud cases I've seen, 100% of them have been conducted BY the escrow officer!

Jul 29, 2017 05:35 PM
Rainmaker
1,713,901
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Break their fingers perhaps?

Jul 29, 2017 11:18 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Caroline Gerardo Will these scammers ever stop. I have a friend who lives in Florida who helps retired people recover funds. He said they recovered $1.6 million last year and that was only the tip of the iceburg. He also does local presentations to groups to make them aware of these scammer's schemes.

Jul 29, 2017 10:12 AM
Rainmaker
4,800,147
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

This is getting to be a major problem in the last 2 years.  We deal with title companies out here and they recommend what to do.

 

Jul 29, 2017 09:46 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

We all need to be smarter and less trusting or assuming when it comes to wiring funds. #3 should prevent crime with wire fraud. 

Jul 29, 2017 08:57 AM
Rainmaker
921,404
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I think #3 does it all.

Call and talk to someone whose office you can drive to confirm instructions.

Today's best scams in Florida are disguised FORECLOSURE auction that are later discovered to be on the second mortgage. The 'too good to be true'  warning proved to be true even for these EXPERIENCED buyers.

Jul 29, 2017 08:09 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

#3 is the crucial one that everyone should adhere to.

Jul 29, 2017 06:42 AM
Rainmaker
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Roy Kelley
Retired - Gaithersburg, MD

Always make a phone call for confirmation before wiring any funds.

Jul 29, 2017 06:29 AM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

No, we have little control except to warn our customers!

Jul 29, 2017 05:48 AM
Rainmaker
4,501,573
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

In California we have a Wire Fraud Advisory that is given to clients(buyers, sellers, landlords and tenants) to acknowledge.   I doubt spamming/scamming will ever stop but we can continue to raise awareness.   

Jul 29, 2017 05:26 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Can I personally stop it?  I doubt it...

Jul 29, 2017 05:14 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Jul 29, 2017 04:48 AM
Rainmaker
1,828,055
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

This is all being done by the title companies & attorneys in my area. 

Jul 29, 2017 04:36 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Thanks for the tips Caroline

Jul 29, 2017 04:13 AM
Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

We've had warnings from our Board for over a year now on issues like this. These are good suggestions, especially #3.

Jul 29, 2017 03:53 AM
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Caroline Gerardo - just don't wire! And tell the same to our clients - repeatedly.

Jul 28, 2017 10:49 PM
Rainmaker
1,711,526
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Nope, for every sysytem there is an anti-system and then an anti-system to the anti-system................................

Jul 28, 2017 06:18 PM
Rainmaker
2,760,382
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Listen to your agent....

Jul 28, 2017 05:35 PM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Haven't experienced this before

Jul 28, 2017 04:43 PM