Housing Scams

There are chances of frauds and scams during buying and foreclosing a home. The rental scams occur when the potential tenant misrepresent themselves such as the terms and availability of the rental property. You know it is a rental scam if:

• The price is quite less.
• The ad has grammatical errors.
• The owner pressurizes you to sign the lease before even seeing the rental property.
• The owner charges you a fee to view the property.

Fortunately, you can protect yourself from these rental scams by getting the rental terms in writing, doing a thorough search on the owner and real estate management company, and learning the basics of how rental scams work. Foreclosure scams are where the scammer may offer to assist you in making mortgage payments but they only want your money. You can protect yourself against foreclosure scams by learning about legitimate government-approved mortgage and foreclosure help options. You can complain to the Federal Trade Commission or reach out to the local U.S trustee office There are some moving companies also that resort to fraudulent practices to steal your money. The fraudulent movers start demanding cash before the move, do not give you a written estimate, have no company logo on the company vehicle, and frequently change the estimate. You can reach out to the local, county, or state consumer affairs agency and get the desired assistance.