"We Buy Homes" See this sign? Be careful!

By
Real Estate Agent with Realty Negotiations

So, you're falling behind on your mortgage payments, fear the sheriff will come knocking on your door, and you pray for help.  Suddenly, you see a sign on the road "We Buy Homes" or "Cash for your home" or maybe you get a phone call with some one who promises you a way to save your house.  Please do not fall prey to skammers. 

Although there are good people and good programs out there, there are also those who watch the paper or in some other way find out who is facing foreclosure.  Read the following article and see what happens to people who ran into the wrong type of help.

MILLIONS AT RISK OF FORECLOSURE FRAUD

 

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Topic:
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Location:
Virginia Frederick County
Tags:
avoid foreclosure fraud

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Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Natalie:  Great advice--I see those signs out all over the place "We Buy Ugly..." etc.  "Call 800..."  Those are supposed to be illegal and if I could ever 'bust' one, I'd LOVE it! 

Debe in Charlotte 

Oct 17, 2008 04:48 PM #1
Rainmaker
1,007,798
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Natalie:  It is so easy for homeowners who are so fearful of losing their homes to reach out and grab at anything that looks like it can help.  Unfortunately... if it looks too good to be true... it probably is.  Thanks for sharing.

Oct 17, 2008 05:24 PM #2
Rainer
256,738
Debi Ernst
St. Charles County, Missouri - Prudential Alliance Realtors - O'Fallon, MO
GRI, e-PRO, Broker/Sales Associate

Natalie - Sellers really need to be wary.  There are many people who want to take advantage of them.

Oct 18, 2008 07:28 AM #3
Rainer
57,867
Lori Franks
Real Estate Consultant - Brookings, OR
Brookings, Oregon

Natalie- Thanks for taking the time to post this good advice for people who are looking for help in a difficult time and might be taken unawares by a scam.

Oct 18, 2008 07:51 AM #4
Rainmaker
76,453
Natalie Langford
Realty Negotiations - Winchester, VA
Winchester, VA Real Estate

Thanks for your comments.  I truly hope at least one person is saved from these skammers by clicking on the link to the article...

Oct 18, 2008 08:05 AM #5
Rainmaker
662,024
JL Boney, III
Coldwell Banker - Columbia, SC
Columbia, SC Real Estate

I see these signs all the time. The old saying, if it sounds too good to be true, it's probably not true comes to mind.

Oct 27, 2008 06:32 AM #6
Rainmaker
2,191,699
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Hi Natalie: I heard from a guy yesterday who was involved in something like this. The "buyer" wanted him to transfer titlte into a trust and let her negotiate with his bank. Then, she planned to flip it. There are scammers are all over the places, just like cockroaches scrambling after bread crumbs.

elizabeth weintraub sacramento real estate agent in land park

Oct 30, 2008 07:02 AM #7
Rainer
3,934
Mike Carsten
Tucson Mortgage,LLC - Tucson, AZ

Natalie,

 I have seen these "We buy homes" signs all over town. With alot of people getting behind on their mortgage payments for various reasons I sure hope they are doing their research prior to getting involved with some of the scams that are out there. Thank you for the link to the article..

Mike

Nov 10, 2008 02:44 AM #8
Rainer
76,100
Jason Ellis
Coastal REO Solutions - Myrtle Beach Short Sales & REO's - Myrtle Beach, SC

good info-- great poet -- thanks for sharing -- JE

Nov 12, 2008 10:24 PM #9
Ambassador
3,717,135
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Natalie, that is such a sad story!  And something like it happened to an elderly woman who lives in my neighborhood.  The "We Buy Homes" guys are almost always scoundrels.

Nov 22, 2008 12:42 AM #10
Rainer
42,864
Charlie Harden
Columbia, SC

Natalie, good lessons for the wise, go with someone who knows what they're doing!... There's no free lunch, they say.

Nov 25, 2008 08:46 AM #11
Rainmaker
663,251
Randy L. Prothero
eXp Realty - Mililani, HI
Hawaii REALTOR, (808) 384-5645

I heard and read of many folks who lost their homes by falling for these types of scams.

Dec 21, 2008 10:11 AM #12
Rainmaker
416,596
Mesa, Arizona Real Estate Mesa Arizona Realtor
Homes Arizona Real Estate LLC - Mesa, AZ
AzLadyInRed

Natalie, I see those signs all of the time. Amazing that people will fall for them....so, so many scams out there. Buyers/Sellers really need to be aware. ;-)

Pepper

 

Jan 04, 2009 02:27 PM #13
Rainmaker
76,453
Natalie Langford
Realty Negotiations - Winchester, VA
Winchester, VA Real Estate

Shame on the people behind the scams, huh?  They should spend their time being productive for society. 

Thanks for all of your comments!

Jan 08, 2009 04:10 PM #14
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Rainmaker
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Natalie Langford

Winchester, VA Real Estate
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