Real Estate Fraud: Fake Owner Leasing Property
(with video below) The housing crisis has left many looking for reasonably priced rental homes in decent neighborhoods. Some are turning to posting online advertisements requesting affordable accommodations for their families.
Sadly there are scammers that will take advantage of families who are just looking for a roof over their heads. How does the scam work?
Watch the video below to see the Fake Property Owner scam exposed – it could happen in your city, too.
Fake Property Owner Exposed Video
The fake owner scam involves scammers contacting people who have posted ads looking for housing. They will send photos of "their home" and give a compelling reason why they are able to lease it to the family for a couple of years; often they will state that their job is taking them out of the country for a period of time, leaving the home empty and the "owners" looking to rent it out.
The scammer will communicate via email and telephone, sending contracts to be signed. They will then give banking information to the victim, requesting that the bond and first week's rent be deposited into the scammers bank account. Upon deposit, they will tell the victim that they will send the keys.
Of course, the keys never arrive and the victim is out an exorbitant amount of money.
Real Estate Fraud – Fake Owner Leasing Property: How To Avoid
If something seems too good to be true, it probably is. In the case of renting or leasing accommodations online, insist on meeting the homeowner in person. Advise them that you must meet with them and see the deed to the home along with identification proving they own the home they are leasing.
Also, doing an online search of housing scams will often turn up the names and telephone numbers scammers are using. Just abiding by these simple measures will keep a roof over your family's heads and your hard-earned money in your bank account, not a scammers.
How To Report
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:
How to protect yourself more:
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6 thoughts on “Fake Owner Leasing Property”
I ask you to check http://www.eurolettings.com ("the company" based in the uk, with vat registration number and other information, asking for wire transfer for short-rental).
Let’s start from the beginning: I contacted an "agent" with over 20-25 properties on a famous short-rental website (www.9flats.com).
Further, i was checking the "host" profile picture and made some research over internet, found his website by searching "Euro Lettings" over google. There is a real company (www.euroletting.co.uk), but not this one (www.eurolettings.com). After checking the "whois" i got the information that the website is new created and for sure a SCAM
I provided the "required" information in order to start the booking, but another suspicious thing was that i tried to "book" the property on the website, but after completing the form for booking, it said that an operator will contact me with the invoice.
About 30 minutes passed and the "operator" contacted (many typing errors – another SCAM supposition), who asked to wire money to a italian bank account.
You should share this link on others to avoid SCAM for rentals.
http://www.eurolettings.com is SCAM
SCAM report for http://www.eurolettings.com
Don’t waste your time with the fake listing of 200kd or 260kd, Block 12, Abdul Karim Al-Khattabi street 10, Hawally Government, Kuwait. Name being used as lessor: Swans. Martin and Roberta Swan. The name of location could change but if anyone ask for money/deposit saying they have the keys and will mail them upon receipt of a deposit it is a fake and they are fake. I asked for confirmation of owner ship and was ignored. Tried to call got no answer.
HELP!!!…guys i need your help. I’m in a really bad situation so i need to rent an apartment as fast is possible. I found one on internet with price which is good for me cause i can’t pay more. The man who rent it isn’t in the country so we talk by email about details (keys shipment, payment etc). Also i ask him for more pictures of the apartment and his family and he send me. But i still have a lot of doubs. How can i be sure he is that man in pictures. Isn’t it weird? I want to know that the apartment i’ll rent and the person i talk to are real. I’m really afraid to lose my last money but also i’ve no more to rent something else. How to find out if it’s fake or not?
It’s a good idea to google the address, supposed owners name, and email. I found several scams while searching for a rental on craigslist. Often you will find out the owner is dead via an obituary or the email may be from someone who is deceased.