When times get tough, crooks get busy. Bad guys are always out for a the next way to make a quick buck while praying on the needs of their victims. Real estate is not immune to this, and one trend that has grown over the last few years is the fake landlord scam.
All around the country, fake landlords are offering showings on foreclosed, bank owned, and vacant properties. After giving a tour, the fake landlord offers fraudulent rental forms, accepts payments for a deposit, first month rent, and last month rent. Once the payment clears, the fake landlord vanishes with your money, often leaving behind only a disconnected phone number. Continue reading