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.
More information: Jeff Adams Scam Prevention with Practical Tips for Buying Real Estate
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