Watch Out For Scams When You Rent Or Buy A Home
If you are in the market to rent or buy a home in the Las Vegas valley, be wary of scams. If the deal sounds too good to be true, it is most probably a scam of some sort.
According to Fox5Vegas.com, Las Vegas realtors are warning that scams are on the increase in the valley. The most common scam is wire fraud, so watch out for emails and texts on computers and smart phones from scammers who include malware in website links to listed homes for rent or sale. Once they have installed malware on your phone or computer and you wire money as a down payment on that home, the money goes to the scammers account and you will never be able to get it back.
Not only are scammers taking advantage of the general public, they are also getting over on realtors. Per the article by reporter Lauren Martinez on Fox5Vegas.com, scammers have conned some realtors to list the property and even get the sale into escrow. In some cases, the sale has closed between a potential buyer and a con artist posing as the property owner.
Fox 5 Vegas reporter Lauren Martinez interviewed a few Las Vegas area realtors for her article, including Michael Marino and Tony Madaffari, who says that home renters are also becoming targets of scams. Madaffari was quoted in the article as saying that if someone posing as a property owner who wants to rent a house to you is saying things like “hey if you have bad credit I’ll work with you,” or “if you can’t afford the security deposit I’ll work with you. They’re always willing to work with you but it’s always they want the money in advance.” That is a big red flag.
Be vigilant. Be wary. And remember, if it sounds too good to be true, it probably is.
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Larry Martino is the long-time Afternoon Drive personality on 96.3 KKLZ. The views and opinions expressed in this blog are those of Larry Martino and not necessarily those of Beasley Media Group, LLC.
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