We just had another scam hit our area.

This one is where an out of the country buyer tries to ratify a contract and "snail" mail a deposit to our escrow company.

Next they cancel the contract (based on HOA docs) and try to get the escrow company to wire deposit back...

(all before his original bad check clears)

With the ease of the Internet and the ability to write a contract with a client anywhere in the world. Throw in digital signatures where we can get it ratified within hours, we as agents and brokers have to be on our guard for such scams