How the scam works:
(with video below) In today's housing market it can be difficult for young couples to realize the dream of home ownership. Many couples choose purchasing a foreclosed home “as is” in order to secure a lower purchase price.
There is a risk to buying these homes, as many are discovering the hard way. Many of these homes were used by the previous owner to manufacture methamphetamine. Many states don't have laws requiring disclosure of this information before purchase; however, even in states with disclosure laws many lenders are unaware of the homes shady past.
Many homebuyers only become aware of the problem when they begin to suffer with symptoms such as migraines, breathing problems, mouth sores and nosebleeds.
Watch the shocking video below to see signs of meth use in a house and what to do about it:
Getting the home decontaminated is very expensive, with some experts estimating costs running into the hundreds of thousands of dollars to “clean” the home of the toxic chemical residue. Since these homes are purchased “as is” the owners have little or no recourse and are stuck paying a mortgage on a home in which they are unable to live.
How to avoid the Contaminated Property/ Meth House scam:
Before buying any foreclosed home, talk with the neighbors; they will often be able to tell you if the house was a former meth lab. Also, check with local law enforcement to see if any arrests or seizures of drugs and paraphernalia were made at the home. By doing your homework you can save yourself a very costly mistake – and possibly save the good health of you and your family.
How to report the Contaminated Property/ Meth House scam:
Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:
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