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Old 02-27-2014, 05:04 PM
 
1,949 posts, read 5,967,250 times
Reputation: 1297

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We just bought a house in the area. Today, we got a weird letter. Handwritten envelope with a post mark.

Inside, handwritten letter on yellow legal paper addressed to my husband in this manner:

This is not my husband's real name, but an example:

If real name is: Joseph William Smith, letter was addressed: Joseph & Will Smith

Obviously, he got his partial name from some public records. It says he and his wife, "Jane" would like to $buy$ our property. Call......blah blah. Number is registered in Cornelius.

We love to be entertained, so we blocked our number and called. Answering service wanted our info for a call back, which we did not give, but we checked his name on LinkedIn and he is a real estate investment company.

So, what's the scam? We just bought this house...it's wasn't a foreclosure or short sale and I would think if it was a business taking advantage of financially strapped people, the letter would have gone to a seller, not a buyer.

I am just curious. What is the angle here?
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Old 02-27-2014, 07:38 PM
 
Location: Mooresville, NC
2,348 posts, read 3,440,513 times
Reputation: 2081
You have similar companies to the one that contacted you that purchase distressed properties to resale or rent out and perhaps they just send letters out to all new property owners in a particular region/area they are interested in buying real estate in to see.
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Old 02-27-2014, 08:19 PM
 
Location: Charlotte, NC
4,761 posts, read 7,798,618 times
Reputation: 5327
You'll get all kinds of solicitations for the next few weeks. If it isn't a bill or something from someone you know, toss it. We got all kinds of solicitations for everything from mortgage protection, to life insurance to fence builders. This one sounds no different.

We closed on a house in October and received junk solicitations well into November.
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Old 02-27-2014, 08:31 PM
 
Location: Charlotte Metro Area
2,186 posts, read 4,162,110 times
Reputation: 1729
Quote:
Originally Posted by spankys bbq View Post
You'll get all kinds of solicitations for the next few weeks. If it isn't a bill or something from someone you know, toss it. We got all kinds of solicitations for everything from mortgage protection, to life insurance to fence builders. This one sounds no different.

We closed on a house in October and received junk solicitations well into November.
I especially like the mortgage protection letters that pretend to be from the bank that owns my loan. If they come with a business reply envelope, I usually just seal the envelope and mail it back. If I'm in a mood, I throw in a piece of paper that just says "How much did this cost you?" on it.
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Old 02-27-2014, 09:05 PM
 
1,949 posts, read 5,967,250 times
Reputation: 1297
Yes, we've gotten tons of solicitations. I was just wondering why someone who wants to buy a distressed property at a bargain would contact a new homeowner and not a seller.
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Old 02-27-2014, 09:08 PM
 
3,774 posts, read 8,159,329 times
Reputation: 4419
Inventory is low.

People are cold calling looking for listings/investments.

Nothing more.
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Old 02-28-2014, 04:06 AM
 
Location: Charlotte. Or Detroit.
1,456 posts, read 4,130,051 times
Reputation: 3275
I got a letter just like that -- handwritten, yellow legal paper and all --but it was about my house in Michigan that I don't live in anymore. I called the number and talked to the guy. He said they're a real estate investment company, that they buy lists of homes and send out letters. Said they got my name and address from a list of non-owner occupied houses. Seemed legit, but not something I think I'll be interested in. I think they're just looking for bargains. I doubt if it's the same company as the people who contacted you, but maybe this is a standard technique.
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