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.
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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