It seems like every time the HomeValue.us.org staff looks online, we find a different type of real estate scam. This is why the HomeValue.us.org team will constantly be on your side, researching these types of scams and what to look for. Then, we’ll report them here on the HomeValue.us.org blog to help you know how the scams work and show you the red flags to look out for.
Today we want to talk about what has been called a “rental foreclosure” scam. It’s become very popular – and has left some people literally out on the streets. What happens is that someone is looking to rent a house for their family. They search around and find one that has a rental price much lower than similar homes. So they sign a lease, pay a deposit, and move in.
Then, two or three months later, the police arrive and evict them.
What happened? It turns out that the homeowner knew the house was about to be foreclosed on. So, he or she thought that they would simply get a bunch of money in rent and the deposit before that happened, and then disappear.
This can lead to the renters literally getting thrown out of the home they have paid good money for.
The way to avoid this scam is simple – whenever you are thinking of renting a home, use our system to look it up and make sure that it is not in the middle of foreclosure. If it is, then move on to a different home to rent.
HomeValue.us.org is a public records database that specializes in providing home and property reports to consumers in the United States. Find out information such as the market value, residential foreclosures, neighborhood amenities, previous owners, and more. Visit HomeValue.us.org today to speak with a live representative, call 1-866-605-0312, or email Manager@HomeValue.us.org with any questions or concerns.
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