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  Geebo 8:00 am on June 12, 2024 Permalink | Reply
  Tags: home buying ( 5 ), real estate ( 127 ), Scams ( 1,354 ), zillow   

  $1M home offered for $10K in scam 

  

  By Greg Collier

  A Kansas City couple recently discovered that their luxurious 5,300-square-foot ranch home had been fraudulently listed for sale on Zillow. The scam became evident when friends began inquiring if they were selling their nearly million-dollar home for a mere $10,200.

  Despite the home’s actual market value being around $1.2 million, the fraudulent listing presented a too-good-to-be-true offer, claiming it was part of a charitable gesture to help first-time buyers. The listing further attempted to restrict access to real estate professionals, lenders, and attorneys, aiming to scam potential buyers directly.

  Unfortunately, this scam is not new. Real estate scammers often list high-value homes for sale online at a fraction of their actual price. They typically claim to own multiple properties and present the low price as a way to assist first-time homebuyers, purportedly for tax benefits. However, these scammers specifically target first-time buyers without representation from a realtor, bank, investor, or attorney. They also request payments through platforms like Venmo or Cash App, adding to the fraudulent nature of the scheme.

  In this instance, in Kansas City, the fraudulent listing invited interested buyers to contact a phone number associated with a Las Vegas area code and requested a $200 advance payment through an online banking app, just to take a tour of the home.

  This led to scam victims knocking on their door, expecting a home tour. The couple’s attempts to resolve the issue included providing proof of ownership to Zillow, yet responses from the site were slow. After the local newspaper became involved, Zillow removed the listing.

  If you’re a first-time homebuyer, remember that a homeowner offering a home at a steep discount for a tax write-off is not a legitimate practice. Anyone making such claims in a real estate listing is likely trying to scam you. Avoid making any payments through platforms like Venmo, Cash App or Zelle, as recovering funds from these platforms is nearly impossible once the payment is made.

  To protect yourself from deceptive property listings, verify information with the county’s tax assessment office. This resource will provide you with the necessary details to identify the legitimate homeowner, ensuring a secure and informed home buying process.

   

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  Geebo 9:00 am on January 19, 2024 Permalink | Reply
  Tags: Google Pay, real estate ( 127 ), Scams ( 1,354 ), zillow   

  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 10, 2023 Permalink | Reply
  Tags: Facebook Marketplace ( 62 ), real estate ( 127 ), rental scam ( 87 ), Scams ( 1,354 ), zillow   

  Rental scammers get more creative 

  

  By Greg Collier

  Scams can almost be considered living organisms unto themselves. They constantly adapt and evolve, so they can survive and multiply. Take the rental scam for example. Not too long ago, rental scammers would just claim that they were the landlords to a property but couldn’t be there in person since they were doing missionary work overseas. They would then have their victims send payment through money transfer services. Then consumers started catching on to the scam. From there, the rental scam has branched off into an untold number of scams with different methodologies designed to extract the maximum amount of money from their victims.

  In Blount County, Tennessee, the Sheriff’s Office is warning its residents about a rental scam that took place through Facebook Marketplace. The victim found a home for rent on Marketplace. The victim also saw that the home was listed as for rent on Zillow. Rather than contacting the realtor listed on Zillow, the victim went back to Marketplace and responded to the scammer.

  The scammer even went as far as to set up a walkthrough for their victim using the realtor listed on Zillow. But again, the victim kept going back to the Marketplace scammer where they were instructed to send a $1000 deposit through a Bitcoin ATM.

  The victim probably kept going back to the Marketplace scammer because the Marketplace listing had a lower rent in that listing. If there are two listings for the same property that have differing rent amounts, the listing with the lower amount is almost guaranteed to be a scam listing. Prospective renters should also avoid sending deposits through nontraditional means like cryptocurrency or payment apps like Venmo and Zelle.

  Selecting a new home should never be a rash decision because of what may look like a good deal. When dealing with multiple listings for the same property, the one being shown through a realtor rather than some stranger off the internet is probably the valid one. When in doubt, you can always check with the county’s tax office or website that can provide you the correct information about who owns the property.

   
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  Geebo 9:00 am on December 29, 2022 Permalink | Reply
  Tags: real estate ( 127 ), Scams ( 1,354 ), zillow   

  $200K property almost sold out from under owner 

  

  By Greg Collier

  A man from Raleigh, North Carolina almost had a $200,000 plot of land he owns sold out from under him. The man has owned the property since the 1980s, so he’s probably not in the market to sell it. You may imagine his surprise when he received a message from a realtor, asking him if he was selling the property.

  The realtor contacted the owner because the realtor had been contacted by someone claiming to be the owner. The impostor was even said to have presented a North Carolina driver’s license in the owner’s name. The reason the realtor contacted the true owner of the property was because the impostor’s story didn’t add up. The impostor allegedly said he was selling the property because he needed quick cash to buy a home in Michigan.

  However, that apparently didn’t stop the scammer, as they were able to convince another realtor to list the property on Zillow. A listing on Zillow with a realtor’s name behind it makes the listing look as legitimate as possible. That realtor even started receiving offers for the property. Thankfully, the owner got the realtor to take down the listing.

  If a fraudulent sale had gone through, it could have been a legal nightmare for the owner. Even though the man can show proof that he is, in fact, the owner of the property, there could have been a long and drawn out legal battle to evict anyone who may have moved on to the property.

  As we have shown previously, this is very similar to the rental scam, where scammers have listed properties for rent they do not own. While Zillow is a great resource to help determine if a real estate listing is a scam, it is not infallible.

  The best way to prevent your home from showing up as for sale or for rent on Zillow is to claim the property on Zillow yourself. This applies to other real estate platforms as well.

   
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  Geebo 9:00 am on November 30, 2022 Permalink | Reply
  Tags: real estate ( 127 ), rental scam ( 87 ), Scams ( 1,354 ), zillow   

  How to handle multiple rental listings of the same address 

  

  By Greg Collier

  While most of us have our minds on the holidays, there are still those who are in the market for a new home. Many of them are looking to rent and there are many pitfalls they need to avoid, so they won’t be scammed.

  More often than not, rental scammers will copy the legitimate listing from one platform and post it on another. The only things they’ll usually change are the contact information and the amount of the rent. Scammers will always advertise a much lower rent than the legitimate listing. As you might suspect, this is done to try to attract more attention to their ad than the legitimate ad, even though both ads list the same address.

  Unfortunately, this is a pretty strong strategy for the scammers. Even when the prospective renter has read both ads, they’ll often treat the one with the lower rent price as the legitimate one. When pressed about the multiple listings, the scammers will say something to the effect of they’re no longer renting through that realtor. However, in some instances, the scammers will just imitate the actual owner online.

  That’s what happened to a North Carolina landlord who was renting a property on Zillow. The scammer copied her listing word for word and even used her name in their listing. To lure in victims, the scammers posted a rent price that was $200 lower than the actual price and claimed that the property was friendly for cats and large dogs. The scammers were asking victims to wire them $4500 as a deposit.

  If you come across multiple listings for the same property on different platforms, there are steps you can take to avoid being scammed. In most cases, the listing with the highest rent is going to be the legitimate one, although that’s not a guarantee. If one of the landlords only wants to communicate through text messages, that’s a good indicator they could be a scammer. Also, if you’re being asked to make a deposit through money transfer or a payment app like Zelle, Venmo, or Cash App, it’s likely to be a scam.

  As always, we recommend going to the county’s tax assessor’s office or website. At either, you should be able to find out who the true owner of the property is and hopefully avoid all scammers.

   
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  Geebo 9:00 am on November 21, 2022 Permalink | Reply
  Tags: Cash App ( 42 ), Facebook Marketplace ( 62 ), real estate ( 127 ), rental scam ( 87 ), Scams ( 1,354 ), zillow   

  The red flags of a rental scam 

  

  By Greg Collier

  Ever since real estate listings have been available online, there have been real estate scammers. Typically, these scammers pose as landlords who are renting a house. The listings the scammers post are almost always copied from a legitimate real estate listing. A few details such as the rental cost and contact information will be changed. Depending on how far the scammers want to take it, the rental scam could end up costing victims anywhere from a small security deposit, to that plus first and last month’s rent. The scam can also leave victims homeless, as many have moved into homes that weren’t legally rented to them.

  That almost happened to a family from Wichita, Kansas, recently. They found a home for rent that was listed on both Zillow and Facebook Marketplace. The first red flag they encountered was the property was listed for a higher rent price on Zillow than it was on Marketplace. They contacted the seller from Marketplace, hoping they could get a deal.

  The family was asked to pay a $60 application fee to the Marketplace seller through Cash App. They started getting suspicious, but the Marketplace seller assured them this was being done for security reasons.

  After paying the $60, they received an application that was just copied and pasted into an email. The application was lacking important questions that most landlords would need to know. When the family returned the application, the Marketplace seller started hounding them for a $200 security deposit for a property the family hadn’t even seen yet. It was at this point, the family called police, who told them they were being scammed.

  While this incident isn’t a comprehensive detailing of all red flags in a rental scam, it does have the major ones. If you find a rental listing that has two different rental prices, the one with the lower price is more than likely the scam listing. Never make payments to supposed landlords or rental agents using apps like Cash App, Zelle, or Venmo. It’s easy for scammers to take your money and disappear through these apps. Lastly, if a seller is trying to pressure you into making a security payment without seeing the home, there’s a good chance they’re a scammer.

  Moving into a new home is always a big life decision. It should be researched like any other big life moment. Always do a Google search on the home’s address. This could help reveal duplicate listings. If in doubt about who is actually renting the home, check with the county tax assessor’s office or website. The information is free and public and will help you avoid any potential scammers.

   
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  Geebo 8:00 am on September 15, 2022 Permalink | Reply
  Tags: Atlanta ( 4 ), real estate ( 127 ), Scams ( 1,354 ), Zelle ( 66 ), zillow   

  Million dollar home lists for $22K 

  

  By Greg Collier

  The online real estate market has been rife with scams and fraud almost since the beginning. It almost seems like you can’t post an online real estate listing without someone copying it. This is what usually leads to the numerous rental scams out there. However, it’s not just rental scams you have to worry about, but there are scams when trying to buy a home too. Except, the scam we’re about to discuss today had so many red flags it could have been part of the Soviet Navy.

  A local realtor in Atlanta found a peculiar listing on Zillow. The home was in an affluent Atlanta neighborhood and was estimated to be worth at least a million dollars. However, the Zillow listing claimed the house was for sale at the low, low price of $22,000. The supposed owner of the house claimed the price was so cheap because they owned a number of properties and this would be a tax write-off for them.

  If those weren’t enough warnings, this listing could be a scam, it also came with plenty of strings attached. The listing specified that this was for first time buyers only, who didn’t have any representation. The listing also stated that the price was non-negotiable and approved applicants would pay a $2,000 payment through Zelle.

  No matter how bad the real estate market may be, no one is going to sell a million dollar home for .02% of its value. The scammer was obviously looking for homebuyers with no experience in the market, so they easily could be taken advantage of. If a listing specifies that you should have no representation, you should assume it’s a scam.

  Lastly, the fact that the listing is asking for payment through Zelle should be a dead giveaway that it’s a scam. As we’ve said previously, Zelle should only be used to pay people you know personally and not to random strangers on the internet.

   
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  Geebo 8:00 am on August 11, 2022 Permalink | Reply
  Tags: California ( 21 ), Orange County, real estate ( 127 ), rental scam ( 87 ), Scams ( 1,354 ), Zelle ( 66 ), zillow   

  Knock on the door saves family from rental scam 

  

  By Greg Collier

  We would say that it seems to be the week for rental scams, but unfortunately, they’re an everyday threat to prospective renters. It’s not just renters, either. Homeowners and current tenants are often left having to tell victims of rental scams that the property is not for rent. Meanwhile, the victims are left desperately scrambling to find a place to live after having lost thousands of dollars to scammers.

  The rental scam can take many forms, but at its simplest, scammers copy real estate listings then post a copy somewhere online that the home is for rent. Except, the scammers list themselves as the landlord and collect security or rental deposits before ghosting their victims.

  A couple from Orange County, California, almost feel victim to a rental scam, but decided to investigate when something didn’t feel right. The home they found was listed for rent on Facebook Marketplace. The supposed landlord only communicated by text. They were also asked to pay a $2000 deposit through personal payment app Zelle and were pressured to pay quickly since others were interested in the rental. The couple was also told not to go to the property because it was currently occupied, although the tenants would be out by the end of the week.

  The home was occupied alright, but not by renters, the family that was living there had bought the home, and it was not for rent. The couple interested in the home decided to go to the home anyway, sensing something was fishy. The couple knocked on the door and spoke with the family living there, who told them the home was not for rent. It turned out the scammers had copied the Zillow listing that the family saw when they bought the home.

  The couple was lucky enough to notice the red flags before losing any money. Unfortunately, not all families are this lucky and end up losing what little money they might have. If a landlord only communicates by text, it could mean they’re not in the area and are just interested in taking your money. If they ask for payment through personal payment apps like Zelle, Venmo, or Cash App, that’s another good indicator of a potential scam as scammers can block victims on these apps once they receive payment. And if a landlord tells you not to approach the property, there’s a good chance they’re trying to hide something from you.

  As always, due diligence should be done before putting money down on a rental property. A quick Google search of the address can reveal duplicate listings. If the listing you’re looking at has a lower rent price, that’s more than likely the scam listing. If a listing says the house is for sale or off the market, but your listing says it’s for rent, your listing is probably the scam listing.

   
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  Geebo 8:00 am on August 9, 2022 Permalink | Reply
  Tags: California ( 21 ), real estate ( 127 ), rental scam ( 87 ), sacramento ( 3 ), Scams ( 1,354 ), zillow   

  Rental scam listing stays on Zillow for a week 

  

  By Greg Collier

  When looking for a rental property, we recommend using platforms like Zillow to help determine whether a rental listing is a scam or not. Platforms like Zillow can often give you a good idea of not only what market prices for rent are in a certain area, but they can also often tell you who is really renting the property. But what happens when the information on Zillow is wrong? One California landlady recently found out.

  The landlady from Sacramento listed her home for rent on Zillow. However, a rental scammer is said to have duplicated the ad on Zillow as well. The scam was discovered when a prospective renter showed up at the woman’s home looking to take a tour. Except, the landlady had never spoken to the person who showed up at her door.

  Not only had scammers copied the original listing, but they also listed the landlady’s name while asking for $1200 deposits.

  The fake listing stayed up on Zillow for a week after the landlady contacted them. It stayed up so long because the scammer kept arguing with Zillow that they were the legitimate landlord. That could mean that the scammer was collecting $1200 from victims all the while. The landlady is concerned that victims who may have been scammed may come after her, since the scammers used her name.

  While platforms like Zillow and Truila are good tools to use in a search for a rental property, they are not the final authority. They can have scammers like any other platform. Even if a landlord gives you a tour of the property or gives you a code to the property’s lockbox, that doesn’t necessarily make them the true landlord. The best way to find out who actually owns a property is to always check with the county’s tax office or website.

   
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  Geebo 8:00 am on June 29, 2022 Permalink | Reply
  Tags: real estate ( 127 ), Scams ( 1,354 ), Zelle ( 66 ), zillow   

  Zillow scammers list multi-million dollar homes for just thousands 

  

  By Greg Collier

  In a previous post, we mentioned that even Zillow isn’t immune from rental scammers. In that post, we discussed how a scammer claimed a property on Zillow to run a rental scam. That scammer was charging victims for things like deposits and application fees for a property they didn’t own. So, someone might think that homes for sale on Zillow can’t be scam listings. Well, it depends on the home and the price.

  A scammer, or group of scammers, are claiming multi-million dollar properties on Zillow, and listing them for sale at a fraction of the price. For example, in Jacksonville, Florida, a $2 million home was listed for sale with a price of only $21,000. In Raleigh, North Carolina, a $1.3 million home was listed for sale with a price tag of $17,000. What makes this story so incredible is the reason the scammers claim they’re selling these homes at such a deep discount.

  On both listings, the scammers say, “I’m selling my home inexpensively because, my family own many properties across the country. A few times a year we sell one or a few of our homes to first time buyers for under $50,000. This is done as a tax rite off for us, & to bless a family or individual that needs it, & as being a first time buyer, may not be able to get a home otherwise.”

  Of course, the supposed good Samaritan lists a few caveats before the sale can take place. They insist the buyer be a first-time home buyer who has no representation such as a realtor, bank, investor, or attorney.

  So, we’re sure you’re asking where’s the scam? The listings insisted that any prospective buyer has to put down a $2000 deposit just to take a tour of the home. And how is the deposit supposed to be paid? Through Zelle, of course. As you may know, the peer-to-peer payment app has come under heavy criticism in recent times for being one of the favorite tools of scammers.

  But as they say on TV, that’s not all. Not only are the scammers looking to take $2000 from each victim, but they’re probably looking to steal their identity as well. In addition to the Zelle deposit, the scammers are asking their victims for an electronic signature, an email address, and a photo ID.

  In Zillow’s defense, the false listings were removed once they were brought to Zillow’s attention.

  While stories of wealthy people giving something of great value to a needy family makes for great fiction, they rarely happen in real life. As you may have noticed, the listing, as copied above, is rife with spelling and grammatical errors. This is a sure sign that a real estate listing is a scam.

  And once again, apps like Zelle and the like are only supposed to be used between friends and family. Anyone outside of your circle who is asking for payment through Zelle is almost assuredly a scammer.

  If you are shopping for a new home, the best way to protect yourself from false listings is to check with that county’s tax assessment office. They should have all the information you need to find the true owner and realtor.