Joe Bryson's Blog

By Condo Joe | Broker in Austin, TX

Beware scam out of Toronto Canada - Seiichiro Matsubayashi, buyer

Posted Under: Agent2Agent | June 22, 2010 2:20 PM | 17,806 views | 257 comments

Beware buyer, Seiichiro Matsubayashi, trying to make too-good-of offers on real estate in your area. Received the following (and it's the same text on other agents that have received this email).

Thanks so much for your email, I will like to offer $419,000.00 MLS#:2887643 because I love the curb appeal of this property,
please send me the contract for me to sign and return immediately this will be my retirement home and it will be a cash buy

1. I will want to close on 19th July, 2010

2. I want to put down $5,000.00 Earnest money + $150,000.00 down payment towards home.

3. I want to put contingency on inspection on the contract.

My legal name is Seiichiro Matsubayashi of 2000 Sheppard Avenue, Toronto Ontario Canada M3N 2J1 and I am single, I will not be in Canada before the closing date to wire the funds to your attorney so I will advice you to send me your attorney information for a check to be drawn to give enough time for check clearance since I wont be in Canada to wire funds for closing.

I will prefare to deposit my funds with your company of your attorney because we've had issue with title company in the past so I dont want to deal with them direct any more.

Please forward me a purchase contract agreement in docusign format, docusign format is an electronic way of signing document.

My Canadian Rep Mr. Edward Brown Esq will Issue payment in US Funds $155,000.00USD for the earnest money and the down payment for the property payable to your attorney, the check will deliver to your attorney.

My Rep Mr. Edward Brown Esq can be reach at:1-416-824-1768

Please I need the following information for your attorney immediately at my own expense

Law Firm Name...................................................
Law Firm Address.......................................................
Law Firm Telephone......................................................

Lawyer's Name...........................................................

Regards

Seiichiro Matsubayashi

Read several other posts online and it's always the same. Get the deal accepted and then wires funds. Terminates the deal quickly and then tries to get a refund before the checks clear. Total scam. If it sounds too good to be true, it is.

Found quite a few posts on this scam at http://800notes.com/Phone.aspx/1-416-824-1768/2

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