Quigglesquiggles said:If that's the case, nat_r, then I'm risking $275 for a potentially massive gain (don't forget, the conduit fee can come out of the loan). If they don't front with the money the loan doesn't settle (obviously) and the word will quickly get out. At that stage they're cactus.
I was a victim of a street scam many years ago. What was even more amazing I knew at that time about this particular type of scam, but the performance was so convincing that I had all my brakes off (I was 18 at the time). Greed completely overtook all my other feelings. I was convinced 200% that I got all angles covered. I lost a lot by my standard at that time.
I let you to figure out the moral of the story...