Unfortunately, there is no shortage
of real estate scams in this challenging market.
By Dana Ward Unfortunately, there is no shortage
of real estate scams in this challenging market.
Not exact matches
THE state government's move to strengthen codes
of conduct in the property industry is credited with helping uncover three new
real estate scams.
In November, the FBI charged Brooklyn businessman Maksim Zaslavskiy with securities fraud and conspiracy to commit securities fraud for allegedly bilking investors out
of $ 300,000 through an ICO
scam called REcoin which he claimed was «the first - ever cryptocurrency backed by
real estate.»
Now, back to the
real estate business... We heard
of all sort
of «Condo
Scams» happening right under the nose
of Rob Ford office, what takes?
It is clear that these fat cats who want the public to bail them out like AIG and Goldman Sachs; or the Speyer deal with Stuyvesant Town and a whole host
of other
scams, are organizing because they fear losing their «special treatment» like a West Street Headquarters will a half billion dollar
real estate tax exemption; or the tax credits for complex
real estate deals that made Related into a financial and
real estate behemoth without really doing much to improve anything... It bothers these dukes and barons that the city helps the needy.
State Attorney General Eric Schneiderman has secured a measure
of justice for nearly 90 New York area immigrants victimized in an international
real estate scam.
The same conversation shows Adam apparently making a joke about one
of their alleged
scams — pushing a
real estate company into paying Adam a $ 20,000 title insurance commission for a transaction he wasn't involved with.
In Florida, over a third
of the charters operate for - profit, skim millions in self interested
real estate and management
scams, and compete directly with competent public schools thus weakening both the charter and public sectors.
The post Expert Warning: Private Lending Social Media
Scam appeared first on Think Realty A
Real Estate of Mind.
Costa Rica News — When purchasing
real estate in Costa Rica there are a lot
of scams that have been based in the land
of «Pura Vida» over the years.
The Law Society
of British Columbia has posted a warning on its web site
of another variation on the bad cheque
scam that's been plaguing the profession, particularly
real estate practitioners.
Attention
real estate practitioners: Fake law firm website used in new variation
of bad cheque
scam
75 %
of the fraud posts were for commercial debt collections or commercial equipment purchases (where a
real business is impersonated), 11 % were personal business loan collection frauds, 9 % were separation agreement
scams, 3 % were IP or copyright infringement
scams, 1 % were employee injury or dismissal frauds and 1 %
real estate bad cheque
scams.
Versions
of real estate fraud are sometimes known as title fraud, mortgage and foreclosure fraud and online
real estate scams.
We've been advised
of a
scam by the purported William Scott with regards to a
real estate purchase.
CHICAGO (November 4, 2017)-- Jon Goodman,
real estate attorney at Frascona, Joiner, Goodman and Greenstein, P.C., shared information with Realtors ® and other attendees today at the 2017 REALTORS ® Conference & Expo about the risks
of real estate fraud and how to avoid falling victim to
scams in the marketplace.
Legitimate
real estate agents wanted to distance themselves from these
scam artists, so they began to organize by creating
real estate boards and they established standards
of practice.
Folks, you need to calibrate your BS Meters, get off the internet, I don't know
of an industry that has more
scams running and predatory dealers than
real estate, in a local survey a few years ago around here, the professionalism
of used car dealers was rated higher than Realtors / Landlords.
The money sucking politics
of this
scam are outrageous to anyone in possession
of a circumspect mind, sadly
of which said mindset does not exist within the ranks
of most part - timers or their bosses (and some
real estate school teachers) who rely upon the monthly incomes that endlessly emanate from the unprepared incompetent but good - at - memorized - script - spewing failures - in - waiting.
Cheap, easily accessed Interenet selling
of other peoples» stuff is already becoming fraught with
scam artists and below - the - radar misleading sales tactics against which the current organized
real estate system is set up to deal with; it is the bad apples within the current system who are spoiling the entire barrel, providing ample ammunition for the barrel shooters to line up for their individual get - even shots into said barrel.
Don't get caught up in some scammy scammer's
scams — learn the traits
of the fraudulent
real estate guru here before you pay anything to anyone!
Law enforcement officials have increasingly been warning home owners and
real estate professionals
of scams involving homes and rentals.
CAP rates are a crummy way to value residential
real estate and an equally crummy measure
of financial performance for all
of the reasons mentioned above and more... you may disagree, but since the only other person out there that regularly disagreed with you on this was kicked off this site for doing so, and just about every other turnkey operator seem to be in the business
of perpetuating it as a metric to try to artificially pump up the attractiveness
of their offerings and
scam newbies, please forgive me if I try to offer some counterbalance and perspective to other new investors who would otherwise not have any other exposure to such radical ideas as using CAP rates the way they were designed to be used by the professionals who use them.
In the context
of real estate, financial elder abuse schemes can take many forms, including reverse mortgage
scams, property investment schemes, and foreclosure rescue schemes.
You sem to be a true believer
of the misinformation that you have been fed by ignorant
real -
estate - hating - purveyors
of mythology based upon hit - and - miss anthologies
of some dissatisfied consumers who have been, or think they have been,
scammed by a Realtor (s).
In one
of the
scams,
real estate professionals receive a fake NAR text that says they owe a fine because
of an ethics violation.
Be alert to an email
scam in which a hacker breaks into the email account
of real estate practitioners or closing professionals and learns key transaction information like account numbers and then bilks the transaction
of money.
Scam artists or thieves can destroy the reputation
of a salesperson or broker, even if the
real estate professional is innocent.
I've spent a lot
of money on
real estate courses from
real estate «guru's» and some
of those courses seemed like
scams that haven't helped me at all no matter how hard I worked at it so hopefully with the information on this website and the
real world advice from all
of you I can finally take those first steps into
real estate investing!
Coldwell Banker has recently been made aware
of certain
scams involving online job postings, job ads or career opportunities available with Coldwell Banker
Real Estate LLC or its affiliated companies.
Here are a few tips from Cortland County Board
of Realtors ® to help home buyers and sellers recognize and avoid
real estate scams:
As
real estate searches and transactions move more and more online, the chances
of being caught up in a cyber
scam have become even greater.
You should hear some
of the stories we've heard
of people in foreclosure being taken advantage
of by
scam artists proclaiming to be reputable «
real estate investors».
There may not be any misspellings or grammatical errors in the email message (which were surefire signs
of a
scam in the past), the message itself may be friendly and conversational, and any information related to the
real estate transaction may be detailed and accurate.
Now that you know what types
of scams have plagued the
real estate industry, here are a few tips you can follow to prevent yourself from falling victim to a devastating email
scam.
In the typical
scam, the criminal hacks into the e-mail account
of a
real estate agent or other person involved in the transaction and uses information that's been acquired to dupe a party to the transaction, usually the buyer, into a fraudulent wire transfer.
But hackers are busy, too, and the National Association
of REALTORS ® has received reports that sophisticated e-mail
scams are targeting the
real estate industry.
I know a lot
of people watching this video are going to slam me for what I'm saying, but I honestly think this is the biggest
scam in
real estate right now.
Real estate offices and agents in the United States are being warned
of a phishing
scam that targets them.
And now, NAR General Counsel Katie Johnson has just released a video alerting consumers and
real estate professionals to the growing threat
of email
scams.
The
scams are often committed by criminal groups but the image
of real estate brokers has suffered.
Real estate scams have been steadily on the rise
of late, unfortunately with the assistance
of technology.
It covers 12
scams but not a mention
of scams leading to
real estate or mortgage fraud it's as if these don't exist.
And now
real estate clients who have been
scammed are fighting back, seeking recovery
of funds through the courts and turning to an FBI weapon little known to the general public, the «Financial Fraud Kill Chain.»