avoid scams

Protecting yourself means verifying the buyer’s legal standing, demanding a bank-authenticated proof of funds, and always closing through an independent, state-licensed title and escrow company never directly with the buyer. The Federal Trade Commission (FTC) – Consumer Advice on Real Estate Scams has documented a dramatic rise in real estate fraud reports, with losses escalating … Leer más

The cash buyer bait-and-switch is a scheme in which a speculative operator makes an inflated cash offer to secure exclusive contract control of a property, then demands a sharp price reduction typically $30,000 to $50,000 in the final 48 to 72 hours before closing. Homeowners can protect themselves by requiring a non-refundable earnest money deposit … Leer más