Tuesday, 8 July 2014

Jeff Adams Scam-Avoidance: Beware of Latest Real Estate Scam




Scammers are scraping rental listings off the Internet and using real estate agents’ individuality from the listings to dupe would-be clients. The scams is as old as desire itself and sell a super product at a low cost, and then make off with the money as the victim discovers he's been left with a fake bill of goods.

The rental scam comes in numerous variations, but it characteristically follows the same basic recipe, a con artist finds possessions, pretends to be the owner, lists it online, then communicates with the would-be renter and takes cash set down.

Familiarizing actually with the scam can help you avoid being one of its unsuspecting victims. With that in mind, here's a quick rundown of its different forms, followed by a list of tips on how to avoid falling prey to even the cleverest trickster.

In some case, a pretend owner rents out an empty home and even criminals are subject to market conditions. If thousands of abandoned homes sit empty and thousands of people are in need of cheap housing, somebody is eventually going to put the two mutually, legal or not.

A fake representative pretends to rent a foreclosed property then splits before the renter moves in. This scam starts in much the similar way, except the con artist supplies a throwaway or false phone number and never supplies the keys to the property. 

A fake property manager pretends to rent out a home that's for sale: In this case, the con performer hijacks listings of homes that are for sale or rent by lawful agencies. He may rewrite the ad a bit preceding to posting it online with undercutting the unique price by as much as half.

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