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Slick Rental Scam Artists Getting Aggressively More Creative

By
Real Estate Agent with RE/MAX Distinctive / LIC in VA

I attended a VHDA 1rst time homebuyer event about one week ago in Oakton VA. These are always good trainings with a variety of lenders, agents, housing counselors, etc in attendance. During this event, the topic of rental scams came up. A new method that I hadn't heard about yet involved scammers identifying vacant foreclosure properties. These guys would go to the houses, verify they were vacant, then remove the yard signs if there were any. Then they would cut the lockboxes off with bolt cutters. In some cases they would destroy the lokboxes to get the keys out, or they would find another way to break into the house. Then they would change the door locks and dead bolts that they had brought with them. Then they would put their own combo box ( which are available at Home Depot, Lowes, etc), on the door.

 Ok, their trap is set. Time to put ad on craigslist etc with way below market rent. For Rent: Just bought at foreclosure. Won't last. I'm out of state and don't have time to do repairs. Will give 1/2 price rent for 1 year if you fix up. Call for combo. If you want house, send money order for 1rst months rent and security deposit to: Scamuel Ripoften PO Box 666 Sucker VA 55512. Or a similar scenario, some lures including rent w option to buy, rent to own, no credit check, etc.

 Hopefully 5 or more desperate would be renters / homeowners will jump on the deal, all rush to 7/11 or Post Office to get money orders, or even get cash, then mail to trap setter.

 Beware of housing scams. Never rush a decision no matter how good it sounds.

If you need help finding a rental property in Virginia, consider talking to a housing counselor, not a scam artist.

http://www.virginiahousingcounselors.org/

 

Jeff Pearl / Lic in VA

Remax Distinctive - McLean VA

703-727-4876

Homes / Land / Farms / Historic

www.jeffpearlhomes.com

Equal Housing

 

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Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Scary that this type of thing is going on, but even scary that some people fall for the scam and get burned.

Jan 17, 2014 08:32 PM
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

#1- Hi Roger, Yes it is. Never know what could happen in these scams. Someone could actually move in, then later face criminal charges. Desperate people seem to fall for these type of scams. Thanks.

Jan 17, 2014 09:07 PM
David Popoff
DMK Real Estate - Darien, CT
RealtorĀ®,SRS, Green ~ Fairfield County, Ct

wow, good to be aware of, and to keep an eye on your homes.

Jan 17, 2014 10:42 PM
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

#3- Hi David, Yes, good idea to check. An agent might show up thinkign they are going to show a foreclosure and find people living in the house.

Jan 18, 2014 12:03 AM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Jeff, It seems like new scams pop up every day. Scary!

Jan 18, 2014 10:22 AM
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

#5- Hi Larry, So true. Seems like it's usually the people who can least afford to be scammed out of their money are the ones that are attratced to these scams.

Jan 18, 2014 08:37 PM