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Real Estate Scams
A fellow Realtor called me a few days ago to warn me of the resurgence of a REO real estate scam I described in an earlier blog I was almost Scammed A REO Scam. This is where a company/caller lies to you saying they have 2 pre-REO properties in their queue that they need a sales agent for. But of course you have to pay to join their system. And of course they have noting to do with those properties. But lately there has been a number of other sophisticated real estate scams.
The Craig' List Scam:
Almost every real estate agent is familiar with the Craig's List rental scam. But the public may not be. This is where scammers steal Realtor photos of property for sale and re-post the photos as a house for rent. The scammers usually price the rental below market. They cleverly say that since their Realtor hasn't sold it yet they want to rent it. They further explain that they haven't told the Realtor yet so please not to tell them. Their usual instructions are to send a money order out of the country since they are traveling for the World Health Organization or other international company. Luckily most renters are smart enough ... more
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