Schemes and Scams they are here!

I have been approached by many of my clients and I have personally received mail paraphernalia that addresses every one of these elements. My staff and team members will protect your best interest. So many of you have complimented us on how satisfied you are with my ability to manage the sale of your home in our community and I’ve addressed some of these topics. I can share much in-depth detail for those interested, now that I’ve received my Seniors Real Estate Specialist “SRES” designation.

Cons ………..  A con artist may try to persuade a senior to withdraw money from an account in order to prove that a bank teller is stealing money from depositors. Another scam involves asking for bank account numbers and other personal information over the phone in order to “verify” information.

High-Pressure Sales ………  Boiler-room operations that sell living trusts frequently target the elderly. The purchaser pays several hundred dollars or more for a package of preprinted forms. High-pressure sales of home refinancing charge hefty service fees for unnecessary home loans.

Deed Scams ………. Seniors whose properties are owned free and clear may be susceptible to a form of deed scam. A fraudulent deed is filed and the home is sold without the senior owner’s knowledge

Phony Home Repairs ………. Con artists often appear after natural disasters like hurricanes. They pose as contractors and offer home repairs at “bargain” rates. The repairs are poor quality or never finished and the contractors disappear with money paid in advance.

Fraudulent Mortgage Notices ………. A sales pitch for refinancing or other products masquerades as an official document stating “call for important information about your mortgage payment”. Another scheme is a phony “official notice” that a mortgage has been transferred and future payments should be sent to a fraudulent “lender” at a new address.

Cash As-Is ……… This is very common with residents in TBGCC. Seniors may receive a cash as-is offer from an investor. Many times, these types of investors will offer around 30 cents on the dollar of a given property value. While it may be tempting for the seller to accept an all-cash offer, in many cases, this will not be the best option available.