Avoid Foreclosure or Loan Modification Scams

 

Watch out for the worst kind of humanity – scammers who prey on vulnerable homeowners facing foreclosure.  These scammers often identify themselves as working on the behalf of a “foreclosure rescue company”.

Two red-flags that suggest homeowners are dealing with scammers:

1)   The foreclosure rescue company, organization or individual promises that they can save the homeowners property.  Of course there will always be a hefty fee attached to this “service” somewhere along the process. 

2)   The foreclosure rescue company guarantees that they can work out a loan modification with the homeowner’s bank. Again a fee will requested from the scammer.

In either scenario, guarantees and promises are worthless. 

The Federal Trade Commission (FTC) provides additional tips on recognizing foreclosure scams at: http://www.ftc.gov/bcp/menus/consumer/credit/mortgage.shtm 

The FTC advises homeowners who are at risk of foreclosure or who are behind on their mortgage payments, call: 1-888-995-HOPE.  This free service offers counseling services through the non-profit Homeownership Preservation. Counselors are Housing and Urban Development (HUD) certified.  Their official website is www.hopenow.com    

Michelle A. Potter

Denver Realtor

Remax Professionals

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Can You Name this Denver Real Estate Scam?

Can You Name this Scam?

Can You Name this Scam?

Recently, I was contacted via e-mail by a person claiming to be His Royal Highness, Prince Alwaleed bin Talal, of Saudi Arabia.  Apparently, this alleged Prince found my profile on Welcommat.com (a video real estate site) and was looking for homes in Denver to house his mistresses. 

 Scam Alert #1

Oh yes, this was the reason he needed complete secrecy and confidentiality – he did not want his ex-wife to know he was purchasing properties for his mistresses.  Of course, I was the “one” who could be trusted with such confidential matters -

 Scam Alert #2

I’m pretty sure Saudi Billionaires don’t randomly select Denver real estate agents from the internet.

That said – curiosity got the best of me so I decided to play.  I corresponded with this guy late night so it would not interfere with my non-imaginary business. Interestingly, this “Prince” got seriously ticked-off if my responses to him were less than what he perceived as timely.

He gave me the search criteria for the four Denver homes he wanted – HA, no price cap… I sent him 10 homes meeting his criteria. He said his children and mistresses picked out the four he wanted to purchase.  Admittedly, I calculated my commission and suffice to say my eldest would no longer have to attend an in-state school!

 Scam Alert #3

I Googled like crazy to find a similar real estate scams with the outlined conditions or the name of the Prince in question to no avail.   It seemed evident that this was some type of Nigerian scam and it was only a matter of time before I would be required to deposit money in an off-shore account.  I get a zillion bogus “inheritance” or “you have won the lottery” scams in my junk mail.  This one was different or this guy was just better…

 Scam Alert #4

So, in order to purchase these four homes, I would need to go through his trusted solicitor.  And, no, neither he nor his solicitor wanted to come to Denver.  Rather they wanted me to travel to Saudi or Italy to complete the transactions. By this time, “Gordon” the Solicitor, and I were having regular phone conversions. I traced his number to Italy but was unable to identify the business he allegedly worked for in any Italian business directory.

 Scam Alert #5

Gordon the Solicitor could give no concrete reasons as to why I must travel to meet him and His Royal Highness, other than they were “very busy men.”  Ok, so I suggested the Prince send his private jet or at the minimum round up some first class tickets to send my way.  No, no, I would be fully reimbursed once I meet them overseas. 

This is where I thought the con might be different than my initial hunch.  Could it be worse?  Did they pick me out to smuggle, run drugs, or was it indeed a sophisticated Nigerian con??? 

I called the FBI Denver Field Office and they had no idea as to what these con-men where after.  I called the Saudi Embassy and they confirmed it smacked of a swindle but were not sure of what variety.  Lastly, I called the real His Royal Highnesses holding company who positively said it was a scam – again no idea what kind.

If any readers have any brilliant ideas as to what these swindlers were up to, I would love to hear your theories.

 Michelle A. Potter

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Michelle Potter, Denver Realtor & Chauncey Billups’ #1 Fan

Denver Nuggets’ star, Chauncey Billups, brings selfless leadership, unbridled passion, sheer determination and tenacity, and combines it with experience and knowledge of the game on both a local and national level that translates beautifully and makes him a winner both both on and off the court.

Selfless Leadership: Chauncey Billups has helped transform the Nuggets into playing team ball.  Case in point:  Game two against the Dallas Mavericks, a couple of minutes before the second quarter; Chauncey had an open look for a lay-up under the basket.  Unselfishly, he passed to Nene who charged the lane for a three point play.  And then there were his 8 assists in the game. Chauncey leads by example, and his team members quickly follow suit. Don’t you want a Denver real estate agent who is both selfless and ready to run point with the many players involved in managing your real estate transaction?

Unbridled Passion: It is wonderfully obvious that as a point guard, Chauncey Billups loves and respects the game.  His smile tells the story- it doesn’t matter if he’s made a great play or if it’s one of his teammates, his happiness is genuine and clearly demonstrated in his electric smile. Chauncey doesn’t whine to the refs. When he doesn’t agree with a’ call, he seeks clarification to better understand the reasoning behind it. Chauncey accepts the call, but always seeks to learn more about the reasoning of all those involved in the game. Wouldn’t it be nice to work with an agent who loves her profession and has a passion for the work she does?

Sheer Determination & Tenacity: Chauncey is no stranger to naysayers, but his commitment and determination to do and be his best eventually silenced them all.  He’s even managed to quiet, King of trash talk, Charles Barkley, to the point that King Charles, is calling “Uncle!” Chauncey stays calm, focused, and driven regardless of what chaos is occurring around him. In the ever changing economy and dynamics of the real estate market, don’t you deserve an agent who knows how to stay calm and focused while advancing your interests?

Local Knowledge: Chauncey Billups not only grew up in the Park Hill neighborhood of Denver, and was a basketball great at George Washington High School so returning to Denver to play at the professional level, gave him an insider’s advantage from the moment he stepped onto the court as a Denver Nugget. Wouldn’t you prefer an agent who knows and loves the Denver area? Michelle attended college in the Denver area and after living away for several years, returned to the area 15 years ago. From Denver to its South Central suburbs ranging from Stapleton to Castle Pines Village, as your Denver Realtor® Michelle will give you the Denver neighborhood insider’s advantage.

Just as Chauncey Billups brings these qualities to the Denver Nuggets Basketball team, I will bring selfless leadership, unbridled passion for my work, sheer determination and tenacity, experience and an insider’s knowledge of the Denver real estate market to your real estate transaction team.  If you are looking for an experienced, full- time Denver Realtor®, give me a shot, by giving me a call. I guarantee we’ll end up a winning team!

Michelle Potter

Broker Associate

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Portuguese Water Dogs – The Real Story

Portuguese Water Dog

President Obama’s new puppy, Bo, the Portuguese water dog is stirring a lot of interest in this previously obscure dog breed. Like the Obama family, many parents adopt a puppy for their children to soften the blow of a move to a new home.  Please read this before jumping on the Portuguese water dog band wagon!!!

Like the Obama girls, my boys also have allergies, so selecting a sweet pound dog was out of the question.  I was familiar with the breed as family friends had a hilarious Portuguese named Domino.  So, six years ago, I tracked down a reputable Colorado breeder and was put on the “waiting list”.

My first clue into the complexity of this breed should have been during the initial screening process.  The breeder pretty much wanted everything but DNA from my entire family prior turning over the pup.  I have no doubt that my great-grand-father (who was a Colorado rancher) rolled over in his grave the day we were actually interviewed to fork over $1500 on a dog.  

Our new Portuguese, “Murphy” was and continues to be a lovable, exceptionally ill-behaved, delight and pain in the neck all at the same time. 

First, in an effort to quell some of his antics as a puppy, we got him a Standard Poodle.  Well, then we had to get the poor Standard Poodle another Standard Poodle just so they could double team him and at least stay on the same playing field with Murphy. Did I mention that Portuguese water dogs are smarter than most humans – and certainly smarter than Standard Poodles.

Murphy is a force that simply can’t be reckoned with when it comes to food.  At first there was no pantry that he couldn’t open and trot off with a bag of Doritos or a package of Oreos – out through the doggy-door in to the back yard.  So, we installed child locks on the pantry and all of the kitchen cabinets. 

He then moved on to counter-surfing and nothing was off limits – He learned to flip the handle on the fry pan and knock it onto the kitchen floor so he could help himself to whatever happened to be cooking for dinner.  Thank goodness for the folks at the electric fence company who wired our kitchen to keep the little beggar from torching his hair on the gas stove-top.

Holidays involving candy are always a challenge in our home. One Valentine’s day, when my youngest son was in 6th grade, Murphy decided to get up early, and hunt down the 24 Valentine cards addressed to each child in my son’s classroom, remove the candy from the cards, and scatter the rumbled remains throughout the back yard.  If you are a parent, you can imagine the ensuing drama of running to the store for new (“stupid-left-over”) Valentine cards and whipping them out in record speed in time to hit the first bell ring.

I won’t even mention Easter only to state it usually involves a trip to the Vet for ingesting a chocolate Easter bunny.

By now you are thinking that neither I, nor my family, has any idea on how to train a dog.  Wrong!  The Standard Poodles, for the most part, are well behaved.  The dog trainer recommended a heavy dose of Apple Bitter when Murphy was young.  Guess where I finally located the missing Apple Bitter? Low and behold it was buried deeply in the sand box.

Did I mention that Murphy loves toilet papering the backyard?  Embarrassingly, the toilet paper in our home has to be hidden.  This is always fun to explain to guests.  He takes the toilet tissue out of the bathrooms, engages the Poodles in his mission, and takes off through the doggy-door toilet-papering every bush in the back yard.

Oh, and guess what – not every Portuguese water dog can swim.  My husband had to jump into Chatfield Lake to save Murphy from drowning!

All this said, and for all the naughtiness, theatrics, and chaos Murphy reeks on our household, I and my family positively adore every fiber of his rotten little wonderful self. He is like living with three year old child – Hilarious, loving and completely uninhibited.  He loves to cuddle.  He doesn’t run, rather bounces with joy.  He provides non-stop entertainment with his constant mission for mischief.  He adores company, especially of the kid-nature who are usually packing gum or candy.  He loves his family, and his Poodles, who are his second set of best friends.

Just be warned on adopting a Portuguese water dog – you heard it here first. 

Michelle A. Potter

Broker Associate

Dog Lover

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