Scammers are running riot in U.S. rental markets

A staggering 43 percent renters say they’ve come across online rental listings that could be fraudulent, while a seemingly improbable five million say they’ve actually been scammed,

Real Estate Scams Target Renters

The number of real estate scams is continuing to grow on free classified sites, with the majority of victims falling foul of rental scams. One website in particular – Craigslist – has been singled out by housing experts for the number of scammers operating there.

Scammers out in Front of National Mortgage Settlement Deployment

Looking to re-victimize those already suffering abusive foreclosure practices and mortgages they can’t afford, scammers are moving faster than the bureaus deploying the National Mortgage Settlement.

How Foreclosure Scammers Trick Homeowners Out Of Their Cash

While the news that the foreclosure rate in the US finally seems to be slowing might be welcome, the number of scams designed to exploit vulnerable homeowners shows no such signs of abating just yet. Therefore, reports Fox Business, homeowners are being advised to be wary of any companies making foreclosure assistance offers that seem

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Mortgage Scammers Using Search Engines To Target Homeowners

The three most popular search engines – Google, Yahoo! and Bing – are being examined by federal investigators who are trying to track down scammers using the websites as platforms to advertise fraudulent schemes that target homeowners, according to a report by the Associated Press. Typical ads placed online by scammers include promises of assistance

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Poor Housing Markets Present Golden Opportunity for Scammers

It seems that no matter how good or bad housing markets are performing, real estate fraudsters will always find some way to con homeowners out of their money. But scammers are doing particularly well out of the current economic downturn, taking advantage of hundreds of desperate homeowners, according to a report in MarketWatch. Schemes involve

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Las Vegas Scammers Renting Out Vacant Homes To Unsuspecting Tenants

Real estate agents and law enforcement officials in Las Vegas have issued a warning about a new scam targeting renters in the area, which has also been reported in other areas of the U.S. The scam involves fraudsters posting ads for housing on websites such as Craigslist, offering a vacant property for rent. Interested persons call the number, go

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Forensic Loan Audit Scammers Target Struggling Homeowners

Struggling homeowners are being tricked by scammers into undertaking a forensic loan audit, in the hope that they can secure loan modifications to save their homes from being foreclosed on, reports AOL. A number of organizations which claim to be associated with well known auditors and attorneys have sprung up in the last couple of

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Rental Scam Hits Des Moines Area

Dozens of homeowners in Des Moines, Iowa, have been given a nasty surprise by one of the latest real estate industry scams to hit the area. The homeowners were left bewildered after answering the door to strangers with rental lease agreements for their properties in their hands, claiming they have just rented out their homes.

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