Thank you SO much for posting this!  So how did you find out that this deal was fraudulent.. did the check not clear?  I have a client right now in Kona, Hawaii, same situation with Mr. Green Sound as the stock broker, and a $150,000 check on a $550k house in cash - interestingly, he made it out to the wrong escrow company and had to be re-cut, but it's being sent now.. why would they tie up their money in escrow like that?  They sent more than was required on the contract, so I'm going to try and call the full amount forward and see what happens.. thanks again for posting!  Blessings from Hawaii anyway!  *:D

You have to know it when it's too good to be true; so that's why i'm searching out the the names and numbers i've been given.  Some of the comments above are similar to what I've been dealing with the past 2 days.  We've submitted a cash offer contract (575k home) and we've been waiting for the 5000 earnest money check to arrive to title. We asked them to wire it but he said he couldn't and will overnight check today.  They sent over letter of proof of funds which had an account balance of at least $3m. Property is site unseen, making a 575k cash offer... only communication via email. Is this too good to be true?

So glad I googled this phone number.  I received the email yesterday through Trulia.  Will warn others in the office.

Kim

"Got an email from Otake Iwao claiming to want to buy property anywhere in SC.  I sent him some listing to look at and in 5 minutes he picked one and wanted to buy it unseen and wanted a bunch of information on where his deposit would be deposited.  He had an account manager and said he wanted funds available before he arrived in 4 weeks."

I received the same email on May 27. I am a Realtor as well.

Definitely a SCAM! Watch out!

Received the same email as above, Mr Iwao wanting to purchase property here in AZ between 400,000 - 600,000K.
Contacted me through Trulia, When something sounds too good to be true, it is.
Be careful

I am a Realtor in Louisiana, I recieved a e-mail from this Otake Iwao. I e-mailed him back and recieved other.This didn't sound right sound Goolge him and this is what I found out.  This guy is busy,maybe he get put OUT bussiness real soon.