Distressed Property Owners Beware of Scam Artists
November 14th, 2007 by Kristian Aasgaarden | no responses
Create Lasting Wealth Investing in Foreclosures & Distressed Properties. Buy Properties at Discounts of 20-50% - Get FREE Foreclosure Lists & Learn How to Buy Foreclosures, Bank Owned/REO’s, Short Sale & Pre-Foreclosures!
-
-
Join us on our Forums!
Click stars to vote (left is low, right is high)
(2 votes, average: 5 out of 5)
Loading ...
If you are a home owner and have recently had foreclosure proceedings or a Notice of Trustee Sale filed against you, you need to be aware that while there are several legitimate companies out there who can and will work for you and your interests, there are also scam and con artists who will prey on homeowners in trouble.
Below are several simple rules to follow:
- Never give anyone money up front.
- Never sign a Quit Claim Deed or Warranty Deed. These documents transfer title to your home to another party. If your intention is to sell the home, an escrow, title company or attorney will prepare the closing documents according to instrtuctions from a fully executed purchase and sale agreement.
- Always get the details of your transaction, along with any promises or guanantees in writing.
- Beware of people offering you the opportunity to still live in the home and the possibility of purchasing the home back. Sometimes the situation does present an opportunity for a seller to stay in the home and pay rent, but remember, if the deal sounds to good to be true, it probably is.
The Author: Kristian Aasgaarden
About: Kristian, one of the co-founders of Real Estate Investment Firm, brings over 16 years of industry experience to REIF. Kristian began his career in the escrow field and was an escrow closer for many years before turning to real estate investing.
This entry was posted by Kristian Aasgaarden, on Wednesday, November 14th, 2007 at 2:09 am and is filed under Buy Distressed Real Estate, Distressed Home Owners. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.
Leave a Reply
You must be logged in to post a comment. PLEASE register now and you'll be able to fill out a profile, upload an avatar or picture of yourself and get a FREE link to your website. After commenting you can use the same login to join in our forum discussions. If you haven't done so already subscribe to this site. We're always adding new information and we would love to have you participate.
Join the Discussion in Our Company Name Forums
Fatal error: Call to undefined function wp_bb_get_discuss() in /home/distress/public_html/wp-content/themes/3net-Social-Ascension/single.php on line 130