Stealing Identities
Perhaps the most common real estate scam is one that involves the con artist applying for a home equity loan in the name of someone else. These scammers typically target homeowners who have built up a significant amount of equity in their homes. In this way, they can take a much larger loan in the name of the unsuspecting homeowner,
Sac Louis Vuitton. In other cases of stolen identity, the scammer simply impersonates someone else in order to obtain loans and to purchase properties in that person's name. To avoid becoming a victim of this scam,
Celine France, it is important to keep your personal information to yourself while also checking your credit report once per year.
"Helping" You Get Out of Financial Trouble
Another real estate scam that has gained steam in recent years involves "helping" struggling individuals with their mortgage problems,
Louboutin Pas Cher. With this scam,
Louis Vuitton, the con artist targets people who are struggling to make payments on their homes,
Louboutin. Although there are many scams used by con artists to victimize people who are struggling with their mortgages, one o the most common is the promise to purchase the victim's home and then sell it back to the homeowner. With this scam, the con artist will purchase the home for the amount that is still owed, but will promise to sell the home back to the owner. Of course, once the title is signed over, the con artist kicks the previous owner out and sells the home.
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