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Scam Alert: Fraudulent Buyers

MAAR received notification from a member of fraudulent buyers in the area. A couple claiming to be cash buyers has been contacting agents under the guise of looking for homes in the 800K to 1M price range. One claims to be a recording artist and, in their dealings with the aforementioned member, they provided a forged letter from a bank in Arkansas. A contract was written and the seller accepted.

Upon looking into the couple, the member found that one has an extensive arrest record. The member got in touch with the bank where they confirmed the letter to be fraudulent and that the bank had had other calls about them.

Please keep an eye out for any suspicious clients. If you are contacted by a couple or an individual who you suspect may be a fraudulent buyer, please contact MAAR, 901.685.2100.

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