Comment by a2tech
17 hours ago
So the scam here doesn't seem to be ACTUALLY selling the land--it's basically engaging a realtor long enough to get earnest money on the table, then to disappear. Although if they could go far enough to get an entire amount wired to them I'm sure they'd take it.
Since a lot of people are doing all cash (non-financed) deals lately, I could see how a scammer and a lax realtor could possibly scam an overzealous buyer out of the full amount.
That still wouldn’t work in most states. The earnest money and the final payment are handled by an escrow company who does all the title verification or works hand in hand with the company doing the title verification. Neither set of funds is ever just handed over.
Again - it varies state to state, as the constitution dictates.