craig list: Scammers Post Fake REO Rentals on Craigslist
- 10/10/12 02:43 AM
Freddie Mac’s fraud unit is teaming up with real estate professionals who list HomeSteps homes to sniff out bogus rental ads of REO properties — a growing problem, according to Freddie Mac. “We’re hearing more reports about fraudsters trying to cash in on the housing crisis’s remaining foreclosed homes by advertising them as rentals on the Internet,” writes Freddie Mac in a recent blog post warning about the Craigslist REO rental scams. The scam works like this: After a house is sold at foreclosure, a scammer then posts an ad online trying to rent out the home before the new owner … (2 comments)
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Freddie Mac’s fraud unit is teaming up with real estate professionals who list HomeSteps homes to sniff out bogus rental ads of REO properties — a growing problem, according to Freddie Mac.
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