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  • Geebo 9:01 am on February 19, 2020 Permalink | Reply
    Tags: Nashville, , , ,   

    Real Estate Scams are still prevalent even offline 

    Real Estate Scams are still prevalent even offline

    With the real estate market the way it is, it’s no surprise that there are people looking to take advantage of the housing crisis. While online real estate scams have been a thing prior to the economic collapse of 2008, they have definitely picked up steam since then. While we will be discussing an online scam that is currently ongoing, some other scammers have taken the old school approach of conning their victims in person.

    Nashville, Tennessee is in the middle of an IT boom with many IT workers looking to relocate there. Because of this, scammers are running the ‘classic’ real estate scam online. The scammers are said to be copying legitimate real estate listings and posting them online as if they were renting the properties. This way they’ve been able to con victims into giving them down payments under the guise of holding the property for them. Unfortunately, it’s usually too late when victims find out they7’ve been taken with many left scrambling for a place to stay. The Tennessee State Government recommends checking with the Tennessee Real Estate Commission to make sure the real estate agent is who they say they are.

    In Alabama, a con artist that is said to be known to police is accused of scamming a woman out of $24,000 while claiming to be a house flipper. House flipping is the act of buying a house that’s usually in a state of disrepair for cheap then fixing it up and selling it for a profit. The victim thought she was investing in just such a house. The scammer even asked the victim for additional funds for additional repairs. However, the scammer never actually purchased the property and no renovations were ever completed. If you’re entering into a real estate venture with someone, it’s recommended that you do your due diligence and research your partner before handing over any money.

    Lastly for today, we go to Brooklyn, New York where a man was recently arrested for allegedly scamming people who were applying for housing through a government program. The scammer would promise prospective applicants that they would be moved to the top of the waiting list if they paid him $15,000. He reportedly then told his victims that an apartment would open up for them in six months to a year. In the meantime, the scammer would repeatedly ask his victims for more money to try to find other apartments for them. The scammer had no affiliation with the government nor the housing facility. When it comes to government-backed programs, the red tape can be excruciatingly long but unfortunately, there are no shortcuts.

    While the desperate need for shelter can often override our better judgment, it’s always worth it to take a step back and research the situation before handing money over to anyone.

     
  • Geebo 8:00 am on April 24, 2019 Permalink | Reply
    Tags: , , , Nashville,   

    Are secret shoppers and Instagram deals for real? 

    Instagram counterfeits, secret shopping jobs, and Amazon to open Nashville hub

    If you’ve ever been approached by a street vendor to buy a ‘genuine’ Rolex watch, you’re probably already familiar with the counterfeit market. With the advance of digital technology those type of vendors have moved online and seem to be particularly prolific on Instagram. According to NBC News, Instagram is full of phony vendors selling knock-off products while claiming to be such brand names as Gucci, Chanel, Balenciaga, Louis Vuitton, and Dior. NBC advises you should be wary of ads that contain the word ‘replica’ or vendors that instruct you to communicate with them over encrypted messaging apps.

    ***

    Previously, we’ve warned about secret shopper scams many times. In too many cases ads for these type of jobs are scams designed to get you to deposit phony checks and wire back the difference to scammers. Once the check is found to be phony by your bank you could be on the hook for the full amount of the check. So are there real secret shopper jobs out there? Yes, according to CNBC who direct you to the Mystery Shopping Providers Association. CNBC goes on to call the MSPA the BBB of Mystery Shopping. However, you should also be aware that secret shopper jobs are better suited for supplemental income rather than as a full-time position.

    ***

    Amazon is set to open a retail operations hub in the Nashville Metro area. This has not been without controversy as Amazon has been promised a $17.5 million incentive package by the Metro Nashville Council in exchange for 5,000 jobs. This appears to be a routine tactic for Amazon as they previously pulled out of New York City after many vocal opponents of the plan objected to the incentives that the city and state were promising Amazon as they felt the funds could be better spent elsewhere. It remains to be seen if this will start to become a trend elsewhere in the country.

     
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