Real Estate Scheme Costs a Couple Life Savings
Amy P. Fennell • January 2, 2018
Sources: KUTV.com
and CNN
A fraudster posing as a real estate agent sent a couple an email asking for cash. Now, the couple may lose their entire life's savings.
The Browns, anxious to move into their new home, received an email that appeared to be from their real estate agent and title company. The message asked them to wire the funds. "We were so eager to get everything done in a hurry so we could move," Anne Brown said.
The Browns went to their credit union and followed the instructions they received in the fraudulent e-mail. The transaction went unnoticed for a few days until the real title company asked the couple's real estate agent, Carrie Butterfield, why she had told the Browns the incorrect amount of the wire transfer. "My response was, I never told the Browns to send a wire," said Butterfield.
Police and the FBI are investigating where the wired cash went and if it can be recovered. "We see the view of our dream home slipping away," said Anne. But the couple is sharing the lesson they've learned. "We don't want it to happen to anybody else, if we can help in a way. So, we're willing to swallow our pride," Brown said.
Louisiana’s 2026 Regular Session opened this week with several developments that matter directly to REALTORS ®, property managers and housing providers, alongside some broader political shifts worth watching. HB 292: Security Deposit Return Timelines Rep. Delisha Boyd’s HB 292, which addresses procedures for returning residential security deposits, was deferred to next week. This provides additional time for stakeholders to engage with members on practical impacts for lease administration, move out inspections and documentation standards. We’ll continue working to ensure any changes to deposit law are clear, workable and do not expose housing providers to unreasonable liability. Land Use and Development: St. James Parish Decision The Louisiana Supreme Court’s recent St. James Parish decision significantly tightens the standards for overturning local land use decisions, reinforcing that zoning and permitting authority rests with parish and municipal governments as long as their decisions are not arbitrary or capricious. For real estate and development, that means more predictability if projects are aligned with adopted plans and ordinances, but also higher stakes in local elections, planning processes and parish-level negotiations. Governor’s State of the State In his State of the State address, Governor Jeff Landry reiterated his push to phase out the state income tax, expand the LA GATOR and MJ Foster scholarship and workforce programs, and replace vehicle inspection stickers with a QR code system. These programs frame a debate around long-term competitiveness, workforce readiness and household cost of living which are all key drivers of housing demand and migration patterns. Business & Market Trends The business community is focusing the session on insurance, workforce and energy. Commercial and property insurance costs remain a top concern for employers and property owners, and we are monitoring civil justice and insurance reform proposals that could affect market stability and availability. At the same time, Louisiana is seeing more than $100 billion in announced industrial and data center projects, which could reshape local markets, labor conditions and housing needs in multiple regions of the state. Please view the weekly bill tracking report at the link below provided by our lobbying team over at Harris, DeVille and Associates.
Stay ahead of the Louisiana housing market by understanding how legislation impacts listings, inventory, buyer qualification, and long-term real estate growth.
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