Common Real Estate Scams

How about those pesky SOBs renting a room or a house on a for sale property? :laughing:

11 years ago I saw a Craiglist ad. Beautiful house, yada, yada, yada. I went to see it, empty, nobody around.

I contacted the “owner” and he told me the reason it was so cheap because he liked to travel but he would be willing to negotiate for lower rent if I gave his chauffer (big red flag right there) the security deposit money order, no check. :laughing:

The house was going to be toured by realtors next week to be for sale the following week after. :laughing:

That falls under #4 Rental Scams…

Yeah, my niece’s BF at the time was contemplating moving up here. Good thing he asked me first but he was about to send a deposit to someone over the internet. Stupid…

:laughing::laughing::laughing:

It’s not stupidity. It is the sense that you won the lottery. :wink:

These pathetic greenhorns out of the suburbs…

OMG, what is that, a needle and human waste?
Yeah, and? That is city living at its finest. You have to pay double for that…
Really, you do?
Yes, dumba**, pay me…double

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Loan flipping is when a predatory lender persuades a homeowner to refinance their mortgage repeatedly, often borrowing more money each time

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Not a real estate scam but these guys are starting again.