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  Geebo 8:00 am on April 10, 2024 Permalink | Reply
  Tags: deed transfer ( 13 ), deeds ( 7 ), quitclaim deeds, real estate, Scams ( 1,355 )   

  Victim losing home in quitclaim deed scam 

  

  By Greg Collier

  In a heart-wrenching turn of events, a widow from Mississippi, found herself ousted from her family home after falling victim to a deceptive scheme. Left to fend for herself and her two grandchildren following her husband’s sudden demise, the victim faced financial strain, struggling to navigate the complexities of single-income living. Desperate for relief, she sought assistance from a company recommended by a family member, only to find herself fighting for her home.

  The victim recounts her fateful decision to confide in the company representative, sharing a copy of the deed of trust to her home in hopes of securing financial respite. Little did she know that this seemingly innocuous act would pave the way to her current troubles. The consequences of her trust proved dire when a quitclaim deed surfaced, transferring ownership of her cherished home to unknown hands.

  The ensuing legal battle saw the victim stripped of her home of nearly two decades, labeled a trespasser on what was once her property. Despite her protests and pleas, a county court ruled in favor of the company, ordering her eviction and demanding repayment of purported debts exceeding $19,000. The weight of injustice bore down heavily on the victim’s shoulders as she scrambled to find shelter for herself and her vulnerable grandchildren.

  Her story serves as a poignant reminder of the dangers lurking in the shadows of financial desperation. The Better Business Bureau (BBB) echoed this sentiment, cautioning against the insidious tactics employed by scammers under the guise of mortgage assistance. The allure of relief can blind even the most cautious individuals, leading them unwittingly into the clutches of exploitation.

  The BBB offers practical advice to safeguard against such predatory practices. Vigilance is paramount, with property owners urged to monitor their records diligently through the county’s register of deeds, flagging any unauthorized transactions. Heightened awareness of credit activity and steadfast refusal to transfer property ownership to dubious entities serve as crucial deterrents against potential scams.

  For those who have fallen victim to a quitclaim deed scam, recourse exists through legal channels and law enforcement intervention. Seeking counsel from an attorney and exploring protections afforded by title insurance can provide a glimmer of hope amidst the darkness of deceit.

   

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  Geebo 8:00 am on March 21, 2024 Permalink | Reply
  Tags: Cash App ( 42 ), Facebook Marketplace ( 62 ), real estate, rental scam ( 87 ), Scams ( 1,355 )   

  Online home rental scams still persist 

  

  By Greg Collier

  In the quest for a new home, the excitement of finding the perfect place can sometimes blind us to potential dangers lurking beneath the surface. One Huntsville, Alabama, family, like many others, found themselves in a predicament that serves as a stark reminder of the prevalence of rental scams in today’s digital age.

  Their story began with hope and anticipation as they stumbled upon a promising listing for a spacious 3-bedroom, 2.5-bathroom home in a desirable neighborhood. With ample space for her family and their beloved dogs, it seemed like fate had led them to their dream home. Little did they know, this seemingly perfect opportunity would soon turn into a nightmare.

  Upon contacting the supposed landlord via Facebook Marketplace, the family was met with prompt responses and arrangements for a tour of the property. Despite initial red flags, such as the absence of the landlord during the tour and instructions to access the property through an electronic lockbox, they proceeded with unwavering trust.

  Throughout the process, the purported landlord remained courteous and accommodating, alleviating any doubts the family may have harbored. With the presentation of an electronic application, approval, and a virtual lease agreement, everything appeared legitimate. Even the method of payment, a combination of Cash App and Walmart Money transfer, seemed routine, mirroring the family’s current dealings with their legitimate landlord.

  It wasn’t until the family’s prudent decision to verify the authenticity of the listing online that the harsh reality of the situation came crashing down. Multiple listings of the same property on reputable platforms, all managed by a professional property management company, exposed the elaborate ruse orchestrated by scammers. The family was devastated when they realized the extent of the deception and the loss of their hard-earned money, $1,125 was gone in an instant.

  To prevent falling victim to rental scams, it’s crucial to exercise caution and employ protective measures. Cross-reference information provided by landlords with reputable real estate platforms and property management companies.

  Exercise caution if landlords refuse to meet in person or request unusual payment methods. Just because your current landlord accepts payment through an app doesn’t imply that every user of that app is reliable. Payment apps like Cash App are intended for transactions among people you already have personal connections with.

  If something feels off, don’t ignore your intuition. Take the time to investigate further before committing to any agreements or payments. And By reporting scams to the appropriate authorities, you not only protect yourself, but also contribute to the prevention of future fraudulent activities.

   
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  Geebo 9:00 am on February 27, 2024 Permalink | Reply
  Tags: business scam ( 3 ), check scam ( 79 ), fake check ( 47 ), overpayment scam ( 9 ), real estate, Scams ( 1,355 ), tree cutters   

  Homeowner almost loses trees to business scam 

  

  By Greg Collier

  Scams come in various shapes and sizes. Take the widespread jury duty scam, for instance. Scammers reach out to numerous individuals, aiming to persuade as many as possible into parting with their money. On the other hand, scams can also be highly specific, honing in on niche industries that most people wouldn’t consider as typical scam targets.

  In a recent incident in Nashville, a homeowner found themselves warding off multiple tree-cutting companies attempting to remove perfectly healthy and mature trees from their property. While it might initially seem like the mischief of local pranksters or a vexed neighbor, the homeowner wasn’t actually the main focus of the scam.

  It’s suspected that the tree-cutters were ensnared in the overpayment scam, often known as the fake check scam. In this ploy, a check surpassing the agreed-upon amount is furnished for a transaction, with scammers urging the return of the excess before the victim or their bank detects the check’s falsity. This tactic leaves the victim liable for the entire amount to their bank.

  The homeowner’s property was targeted in the scam due to its status as a listed property for sale. Scammers often exploit homes in this situation, assuming they are unoccupied during the sales process.

  Business owners can take proactive measures to safeguard themselves against the overpayment or fake check scam.

  Before proceeding with any transaction, especially involving a check for an amount exceeding the agreed-upon price, confirm the customer’s identity and purpose of the transaction.

  Whenever possible, encourage or require the use of secure and traceable payment methods such as electronic funds transfer, credit cards, or certified checks. These methods offer more security compared to personal or business checks.

  If you receive a check, especially if it’s unusually large or if there’s pressure to return a portion of the payment, independently verify its authenticity. Contact the issuing bank directly to confirm the validity of the check.

  Don’t release goods or provide services until the check has fully cleared. Depositing a check doesn’t guarantee its clearance, and it may take time for banks to confirm its legitimacy.

  By implementing these precautions, business owners can reduce the risk of falling victim to the overpayment or fake check scam.

   
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  Geebo 9:00 am on February 23, 2024 Permalink | Reply
  Tags: business email compromise ( 11 ), real estate, Scams ( 1,355 )   

  The costly conundrum of real estate email compromise 

  

  By Greg Collier

  Two years ago, a California couple embarked on the daunting journey of finding their dream home amidst a competitive market and low-interest rates. After viewing 50 homes, facing disappointment with three failed bids, they finally secured a house, breathing a sigh of relief. Little did they know, their ordeal was far from over.

  Navigating through the intricacies of the escrow process, the couple encountered an unexpected twist at the eleventh hour. What seemed like smooth sailing turned into a nightmare when they received wire instructions for their down payment via email, purportedly from their escrow agent. Trusting the legitimacy of the communication, they wired a substantial sum, only to realize days later that they had fallen victim to a scam.

  The email, meticulously crafted by fraudsters, mirrored previous correspondences, complete with a familiar tone and personalization, lulling the couple into a false sense of security. This suggests potential breaches in the escrow company’s email system as the point of entry for the scammers.

  This incident, known as business email compromise, has become alarmingly prevalent, with FBI data revealing staggering losses amounting to billions of dollars annually. Despite mandatory reporting of fraud by escrow companies, recourse for victims remains elusive.

  Attempts to seek redress from the couple’s escrow company yielded no response, leaving them grappling with the harsh reality of their depleted savings and mounting debt. Forced to borrow from family to salvage their homeownership dreams, they now face the arduous task of repaying borrowed funds, a burden that weighs heavily on their shoulders.

  When making a down payment on a home, always confirm wire instructions through direct communication with trusted contacts, avoiding reliance solely on email correspondence. If prompted to call for wire instructions via email, ensure that you dial a known or verified number.

   
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  Geebo 9:00 am on February 13, 2024 Permalink | Reply
  Tags: craigslist ( 129 ), real estate, rental scam ( 87 ), Scams ( 1,355 )   

  Craigslist rental scam leaves landlord and tenants in a bind 

  

  By Greg Collier

  In a cautionary tale that underscores the importance of due diligence in the rental market, a landlord and four unsuspecting residents in Virginia Beach found themselves ensnared in a potential rental scam. What began as a seemingly routine rental agreement ended in confusion, financial loss, and upheaval for all parties involved.

  The story revolves around a realtor, who leased a four-bedroom home in late 2023, only to discover that she had fallen victim to a scam orchestrated by someone posing as the property owner. Initially, everything appeared to be in order, with rent payments arriving punctually. However, by December, the payments ceased, and communication with the supposed tenant abruptly halted.

  It wasn’t until February, when the realtor visited the property, that the full extent of the deception became apparent. Instead of finding her tenant, she encountered unfamiliar faces, shocked to learn that the person they had been paying rent to wasn’t the true owner of the property. Locks had been placed on individual bedroom doors, and the house was being sublet to unwitting tenants.

  Further investigation revealed that the imposter had listed individual bedrooms for rent on Craigslist, collecting money from multiple tenants while failing to fulfill his own financial obligations to the realtor. The deceit extended to using a different name in the listings, potentially to obfuscate his true identity.

  The ramifications of the scam were profound. Not only did the realtor face financial losses and property damage, but the unsuspecting residents also found themselves displaced and potentially out of pocket.

  This serves as a stark reminder of the prevalence of rental scams and the need for vigilance when navigating the rental market. Verifying property ownership is a crucial step for potential renters to ensure they are dealing with legitimate landlords and avoiding rental scams.

  Most counties maintain online databases where property records are publicly accessible. Prospective renters can search for the property address on the county assessor’s website to find information about the current owner. This information typically includes the owner’s name and contact details.

  Property tax records are another reliable source of information regarding property ownership. Renters can visit the local tax assessor’s office or access their website to inquire about property tax records. Tax records typically include the name of the property owner, the assessed value of the property, and tax payment history.

  Renters can directly verify property ownership by requesting proof of ownership from the landlord. This could include asking for a copy of the property deed or rental agreement. Legitimate landlords should be willing to provide this information to establish trust and transparency with potential tenants.

  By utilizing these methods, potential renters can verify property ownership and protect themselves from rental scams and fraudulent landlords. Taking the time to conduct due diligence and verify ownership details can help ensure a safe and secure rental experience.

   
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  Geebo 9:00 am on February 9, 2024 Permalink | Reply
  Tags: Cash App ( 42 ), real estate, rental scam ( 87 ), Scams ( 1,355 )   

  Rental scammer targets single moms 

  

  By Greg Collier

  There’s a common misconception that scammers exclusively prey on wealthy individuals. This couldn’t be further from reality. Scammers actually target those with limited financial resources because they’re aware that many low-income families can find themselves in dire circumstances through no fault of their own. The priority for scammers is simply to seize whatever money they can, with little concern for the repercussions on their victims.

  Authorities in Fayetteville, North Carolina, are actively pursuing a rental scammer who has been specifically preying on single mothers in search of housing. The scammer’s online advertisements purportedly aimed to assist single moms, luring them in with false promises. Multiple victims have bravely stepped forward, revealing that they fell victim to the scammer’s scheme, paying him only to discover that he lacked any legitimate authority to rent the property he was advertising.

  
  One victim shared her harrowing experience of being shown the home, being assured that it would be available within days after the previous tenants were evicted. Trusting the scammer’s words, she handed over a $300 deposit via Cash App. However, her hopes were dashed when she received a string of excuses as to why she couldn’t move in as promised.

  Another victim’s ordeal was even more devastating. Having paid $2000 to secure the rental, they were in the midst of arranging internet service and had even taken out renter’s insurance in anticipation of moving in. It was only later that they realized they had fallen victim to a scam.

  An investigation uncovered that the scammer actually resided in the very home he claimed to be renting out, which was owned by his parents.

  Rental scams like this one can have devastating consequences for single mothers and their children. Being duped in such a manner often leaves families homeless, further exacerbating the already dire housing crisis. With so many families already struggling financially, falling victim to such scams only worsens their situation, compounding their distress and uncertainty about finding stable housing.

  Single mothers can take several steps to protect themselves from rental scams. Thoroughly research the property and the landlord before committing to anything. Check multiple sources to verify the legitimacy of the rental listing. Request proof of ownership or authorization to rent the property from the landlord. Cross-check this information with public records if possible.

  Avoid making payments through untraceable methods like cash or wire transfers. Use secure payment platforms or methods that offer protection against fraud, such as credit cards or rental platforms with built-in payment systems. If something seems too good to be true or if you feel pressured to make a quick decision, trust your instincts and proceed with caution.

  If you encounter a suspicious rental listing or believe you’ve been targeted by a scam, report it to the relevant authorities, such as local law enforcement or consumer protection agencies.

  By taking these precautions and remaining vigilant, single mothers can reduce the risk of falling victim to rental scams and protect themselves and their families from financial harm.

   
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  Geebo 9:00 am on January 19, 2024 Permalink | Reply
  Tags: Google Pay, real estate, Scams ( 1,355 ), zillow ( 15 )   

  Real Estate Scam: First-Time Homebuyers Offered Houses at a Fraction of the Cost 

  

  By Greg Collier

  The county tax assessor’s office in Oklahoma County, Oklahoma, is warning potential homebuyers of a scam that’s recently hit their area. Oklahoma County, includes the capital of Oklahoma, Oklahoma City. According to the assessor’s office, scammers are listing homes for sale that cost hundreds of thousands of dollars for just a few thousand. For example, a home valued at $400,000 was listed for sale on Zillow at just $6000. That price wasn’t meant to be a deposit or down payment, but the full price of the home.

  These scammers are preying on people who have little experience of buying a home. In fact, the ads claim the home prices are so low because the seller is rewarding first-time homebuyers. Typically, scammers who list properties like this claim it’s a tax write-off for them while playing the good Samaritan to their victims. These scammers usually insist the buyer be a first-time home buyer who has no representation such as a realtor, bank, investor, or attorney. The buyers are asked to make their payments through platforms like Venmo, or in the Oklahoma County instance, Google Pay.

  As you may have surmised, the scammers don’t own these homes, and often the homes are not for sale in the first place. Residents have reported prospective buyers and realtors showing up at their home because of the fraudulent listings.

  The Oklahoma County Assessor even called the phone number in one of the phony listings. The person on the other end of the call told them that they’re making a lot of money with this scam, and they can’t be stopped. The County Assessor’s Office said the main problem they’re having is that no victims of the scam have come forward yet. This would assist them greatly in trying to prosecute the scammers.

  If you’re a first-time homebuyer, please keep in mind that a homeowner offering a home at such a steep discount for a tax write-off is not a legitimate practice. Anyone claiming this in their real estate listing is trying to scam you. Also, you should avoid making any payments through platforms like Venmo and Google Pay, as once the payment goes through, it’s almost impossible to reclaim your lost funds.

  Finally, to safeguard yourself from deceptive property listings, it is advisable to verify information with the county’s tax assessment office. This resource will provide you with the necessary details to identify the legitimate homeowner and ensure a secure and informed home buying process.

   
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  Geebo 9:00 am on January 9, 2024 Permalink | Reply
  Tags: Cash App ( 42 ), real estate, rental scam ( 87 ), Scams ( 1,355 ), social media ( 79 )   

  Scammer demands deposit for unauthorized home tour 

  

  By Greg Collier

  A family from Tennessee was looking to move to another part of the state, searching for better job opportunities. They made their intentions known on social media, where they were approached by someone claiming to be a realtor. The realtor told the family he has a home in the area they’re looking to move to. The family was then asked for a $750 deposit. The $750 wasn’t meant as some form of security deposit or holding cost. The realtor said the family needed to pay the $750 just to tour the home.

  Unfortunately, the family paid the realtor the $750 through Cash App. When the family went to meet the realtor at the property, the realtor never showed up. When the family contacted the realtor again, he said he would be there the next day. The next day came, but still, the realtor failed to show up. This time, the realtor claimed that he had been stopped by police and even provided the family a picture of the police officer. It later turned out the police officer in the photo was from another state.

  The family started becoming suspicious about the deal when the realtor sent the family a picture of himself with a realtor’s license. Then the realtor tried to get even more money out of the family by offering them a refund of the $750, but the family would have to pay another $100 claiming that was Cash App’s business fee for the refund. When the family contacted Cash App, they were told there was no such fee.

  If you’re getting ready to make a big life change like moving into a new home, you may want to keep that decision off social media. Sadly, there are too many scammers who are tuned into certain keywords that help them find victims. If you’re approached by a stranger on social media who claims they can help you, be very suspicious and do not give them any money, especially through payment apps like Cash App, Venmo and Zelle.

  To safeguard against rental scams, conduct thorough research on the property. Rather than relying solely on the landlord’s proof of ownership, reach out to the county’s tax assessor’s office to verify the actual property owner. Additionally, perform a Google search using the property’s address to identify any discrepancies in multiple listings, especially differing rental rates. A lower-priced listing among them is likely a fraudulent scheme.

   
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  Geebo 9:00 am on December 19, 2023 Permalink | Reply
  Tags: deed transfer ( 13 ), hospice ( 2 ), real estate, Scams ( 1,355 )   

  Scammers try to steal home from hospice patient 

  

  By Greg Collier

  Having a terminally ill relative is one of the worst things someone can experience, especially if that relative is one of your parents. You’re either praying for a miracle or for their suffering to end quickly. You end up having to do things you never realized you would have to do, like preparing funeral arrangements for someone who is still alive. The last thing you’ll want to deal with is a pair of scammers trying to steal your parents’ home. Sadly, that’s what one man recently had to deal with.

  The victim’s mother has stage 4 cancer and dementia. She’s been under hospice care at her own home. It’s unclear how the alleged scammer came to obtain this knowledge, but the scammer is accused of filing a quit claim deed that shows the mother sold the house to the scammer for $8000. At the time of the supposed sale, the mother was out of state, receiving treatment. The mother couldn’t have even legally sold her home, as her son had power of attorney.

  Complicating matters was the fact that the quit claim deed was notarized; however, the notary may have been in on the scam. Police approached the notary to ask about the claim, and they said they would cooperate with them before avoiding all contact with police. Both the alleged scammer and the notary have been arrested.

  It’s unknown if this was the case in this story, but a lot of these scammers get their information about their victims from social media. Of course, you want to let your family know your relative’s condition, and social media is probably the quickest way to do that. However, before making that post, consider making a private list of need to know people in your friends list and make the post only visible to them.

  Fortunately, there are measures you can take to safeguard yourself. It is advisable to regularly visit the website of your county appraiser to keep track of the property’s ownership. In case your county appraiser lacks an online platform, you can visit their office in person. Additionally, certain counties offer programs that provide alerts in the event of any changes to your deed.

   
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  Geebo 9:00 am on December 7, 2023 Permalink | Reply
  Tags: deed transfer ( 13 ), funeral ( 13 ), grieving ( 2 ), mourning, real estate, Scams ( 1,355 )   

  Scammer tried to steal homes of grieving families 

  

  By Greg Collier

  It wasn’t more than two weeks ago where we posted what, we thought, was the lowest scam we’ve ever heard of. That was when scammers were selling funeral plots to grieving families when the scammers didn’t own the plots in the first place. Now, we may have found one that is possibly even lower than that.

  An Indianapolis man was recently indicted on 16 separate federal charges. The suspect is believed to have targeted grieving families after finding their deceased loved one’s name in the obituaries. For two years, he’s believed to have tried to force these grieving families into selling their homes.

  As per the county prosecutor’s office, the accused tried to coerce the sale of a homeowner’s property, camouflaged a $50,000 bank loan, and employed forged heirship documentation.

  In one instance, the suspect is accused of forging a sales agreement to force a woman in a nursing home to sell her home to him. In another instance, the suspect is accused of forcing a woman with short-term memory loss to lend him $50,000 with no intention of paying it back.

  Scammers often target victims who are in a state of emotional crisis. The goal here is to pressure the victim into making a decision that benefits the scammer, that often appears as a way to help the victim.

  While these scams may have been isolated to the Indianapolis area, it probably won’t be long before someone else tries it while thinking they can do it better.

  Since this is somewhat uncharted territory, we don’t have any concrete ways of protecting yourself from such a scammer. However, we do have some suggestions. If you’re still mourning the loss of a loved one, take as much time as you need to grieve. If you feel like someone is pressuring you into making a financial situation during that time, research whatever they’re offering when you’re ready to. If you have a parent who lost their spouse, and they also have cognitive disabilities, you may want to look into assuming guardianship or power of attorney. While it may appear to them that you’re taking away some of their freedoms, it may protect them in the long run.