Sign Police Trick!!! Beware - Posted by KL
Posted by KL on July 08, 2002 at 16:25:47:
I’m not new to investing, but i am new to putting bandit signs out. I put some out on Saturday night, got 2 calls Sunday and 1 call on Monday. Now Mondays call was asking me to send them info on my programs. I did the usual screening how motivated were they etc. They told me the loan balance and square footage and what it appraised for. They kept asking me to SEND THEM INFO and asked if we were local. I ignored the part of sending info, and did tell him we were local, and I would have to get back with him once I did some research on the property. When I pulled the address, there was 50 units and his name wasn’t on any of them, so a called him back to get a unit # got his voice mail which said " You have reached xxxx with the city of xxxxx code enforcement, please leave a message and I’ll call you back" I immdiatley hung up. Also I forgot to mention that he said his house appraised for $114K just this year, when I checked the comps, they were selling for the high $120’s to low $130’s. Thought that was kind of wierd. So beware of phone calls you receive.
I drove around today and of course all my signs are gone. Gee wonder why. So, if someone asks you to mail them info don’t do it unless you know they are a serious seller.
Also nothing came of the 1st 2 calls. But I only put up 7 signs. Will try more later.