Get a Free Home #fraud #dtla
It’s the topic that few real estate professionals will dare discuss. The scary and truly dangerous predators who seek to steal from innocent home buyers, sellers, renters and landlords. They often pretend to be real estate agents, property managers, property owners or helpful friends. The truth is that they are enemies of truth and adversaries of fair play. The free home will be costly.
Drew Christian Donovan AKA Christian Andrews
This week, the L.A. Loft Blog received word that the most prolific con artist in Los Angeles, Drew Christian Donovan AKA Christian Andrews AKA Jimmy Wayne Jackson, was released from Santa Barbara jail, where he immediately found a new victim four hours away in Monterey, CA for his very successful “free real estate” scam. The LA Loft Blog has uncovered his highly lucrative con where he claims to be very wealthy, has a terminal illness, and his meddling parents are trying to stop him from giving away his millions. He promises to pay bills, provides convincing payment receipts, offers to buy cars and homes for those who are deserving. The truth is that Drew Christian Donovan, along with his partner in crime Melissa Ramsey, scams about one person (or family) per week out of thousands of dollars. When he is caught, the slippery charlatan is difficult to jail for long. Usually, he gets away scot-free. #realestate #scam
When called, police are unlikely to help much, as they see most fraud as a civil matter. In reality, Donovan’s multi-million dollar criminal enterprise is a federal crime that deserves many years in jail. In the mean time, potential victims should report Drew Christian Donovan AKA Christian Andrews AKA Jimmy Wayne Jackson to local authorities and the FBI. Mention the multi-million dollar enterprise with hundreds of victims that have been reported by the L.A. Loft Blog so that the authorities can provide stronger support. Then contact us so that we can report on the fraudster’s latest activities and location. Follow that with a civil lawsuit or small claims lawsuit so that the criminal can be arrested and jailed when he fails to cooperate with the court.
Dirt-Cheap Lofts For Rent
The most common real estate fraud in Downtown Los Angeles comes from fake listings for underpriced loft and condo rentals in Craigslist, Apartments.com and other rental listings. The fraudsters are out of town and ask desperate renters to complete an online application. The personal information is then sold on the dark web. The identity theft makes the criminal about $10.00, but costs the victim a tremendous amount in bad credit and countless hours of hassle trying to clean up the credit mess.
Easy Earnest Money Deposit
The biggest fraud in real estate nationwide in terms of big dollar amounts are fake emails to home buyers from criminals impersonating escrow companies. The home buyer sends down payment or cash purchase funds directly to the overseas bank account of the fake escrow company. The fraudster gets tens of thousands to hundreds of thousands of dollars of the victim home buyer’s hard-earned money. The victim is financially devastated, and cannot recover the bank wired funds. To prevent his scam, home buyers must always double check to ensure that the bank wire will go to the real escrow bank account before wiring money. Before sending a bank wire to escrow, a phone call to the escrow company is a quick way to prevent this financial nightmare.
Fortunately, some things really are free for home buyers, such as help from a licensed Realtor(R). Got a question about Downtown L.A real estate? Get free info about lofts and condos. Fill out the online form:
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.