A friend of mine experienced this. She had her house on the market for three months without an offer but then she got a strange offer out of the blue. An “investment club” offered her full asking price plus an extra 80k on top of that. Only thing was that she would have to return the 80k at close of escrow. So the buyer would pay full price then come out of the deal with 80k in cash. I was trying to figure out how this made sense as an investment and also how they were able to do this in the first place. If maybe it was a group of people established as a corporation than wouldn’t the individuals be free and clear when the crap hit the fan and able to bail with all the extra cash they collected?
Needless to say it wreaked of a scam so she passed on that offer.
