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HARRISBURG (KDKA) The state Attorney general of the United States is warning consumers of a new scam flowing. Chief Law Officer Josh Shapiro is alerting all Pennsylvania homeowners to be cognitive of a new fraud that specifies "We Buy Residences." Shapiro states the signs that can be seen on street corners are often a rip-off wanting to benefit from individuals experiencing debt, task loss or other considerable life modifications.
"Signs providing to purchase homes for money are multiplying weekly on busy street corners, however these sort of deals are often rip-offs that leave property owners in even worse financial shape than they were previously. These fraudsters are attempting to exploit Pennsylvanians in vulnerable monetary circumstances, and my Bureau of Customer Protection isn't purchasing it." Businesses behind the street indications will often make an offer to buy the consumers home for less than what it is in fact worth.
The buyer may guarantee leave from foreclosure however will take the deed without settling the mortgage balance, leaving the consumer strapped with month-to-month payments and based on foreclosure. Another rip-off will entice in consumers with promises to buy the house "as-is," however will in some cases back out last minute requiring specific repairs being made, leaving the client to pay the bill.
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Chief law officer Shapiro likewise advises seeking property legal advice when it comes to "Money for Home" real estate deals. Anyone who thinks they are a victim of a "We Buy Homes" fraud is motivated to submit a problem with the Attorney general of the United States's Bureau of Consumer Protection by calling or by visiting their site.
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