ITS MY HOUSE: It can happen to anyone – here are 10 common real estate scams.
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It can happen to anyone – here are 10 common real estate scams and ways to spot them.
Buying a new home, especially for the first time, can be nerve-wracking.
And with an increase in property fraud, you just never know who to trust. Is that listing online even real? Does the agent have bona fides? And what happens when the personal information you're handing over to make applications – your ID number, bank statements, proof of income – lands in the wrong hands?
Although there are many different scams, the most common scams involve fake realtors using real listings to make themselves appear more legitimate, scam artists offering rental properties whose real owners are unaware, and con men creating entire fake realtor sites and banking accounts.
Buying a new home, especially for the first time, can be nerve-wracking.
And with an increase in property fraud, you just never know who to trust. Is that listing online even real? Does the agent have bona fides? And what happens when the personal information you're handing over to make applications – your ID number, bank statements, proof of income – lands in the wrong hands?
Although there are many different scams, the most common scams involve fake realtors using real listings to make themselves appear more legitimate, scam artists offering rental properties whose real owners are unaware, and con men creating entire fake realtor sites and banking accounts.
