Sacramento saw a Realtor and several unlicensed mortgage lenders picked up by the FBI this week for fraud.
Don't let your guard down, there's plenty more out there.
Real Estate fraud is alive and well gathering more victims each day.
Just this past week, as I had my ears to the ground, I learned that fraud had occurred right here in Sacramento again. Not just once but three times with REO properties. Renters were the easy targets. It seems that three Bank Owned properties had been unscrupulously rented by a woman posing as a Realtor.
Yes, this woman rented out three REO properties and collected the security deposit, first and last months rent from unsuspecting renters. No, she was not a Realtor but was using the name of a Realtor. To read more about this story, click on Real Estate Fraud Victims Once Again.
Can you imagine, having just lost your home to foreclosure, looking for a house to rent only to find yourself a victim of real estate fraud?
In this day and age where most transactions start on line, use email or text messaging and the social aspect of getting to know a person is by-passed, fraud is ever so much more prevalent. It's a lot harder to pull off a scam when you meet a professional at the office, check their credentials through the California Department of Real Estate and meet face to face or actually talk.
Do you know for a fact the person is the person you think you are working with? Are you sure, they are who they say they are? Are you just emailing, text messaging and assuming you are "communicating" with a Realtor? What do other home buyers and home sellers say about the Realtor?
Don't get me wrong, I'm not advocating getting rid of the Internet or Email or even Text messaging (although I must say I find it very impersonal) but all of these things have their place and should not be used exclusively. There is nothing that beats, eye to eye contact, establishing a rapport and learning about a person. So much is gathered when you take the time to get to know the professional Realtor.
I am not advocating getting rid of technology but don't you agree that the personal touch is needed?
What are your thoughts on how technology both helps and henders society?
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