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Real estate scams are nothing new. But as rents, home prices, and inflation remain high in today’s volatile housing market, some industry experts warn scams could be on the rise.
Purchasing a home is like investing in a piece of your legacy. Unfortunately, this makes real estate a prime target for con artists. According to the FBI’s Internet Crime Report 2021, the losses ...
A 2019 BBB study found that 43% of consumers shopping online for a rental property had encountered a fake listing, and more than 5 million people lost money in a rental scam.
Equity stripping or equity skimming is a variation on lease-buyback and is one of the most common types of foreclosure rescue schemes. [4] In it, the perpetrator assumes ownership of the house while allowing the former owner to continue living there, provided that s/he pay rent to the perpetrator, who is the new owner.
AOL Real Estate Editors Updated July 14, 2016 at 9:56 PM This other class of scam artists hooks renters by copying and reposting legitimate listings on sites like Craigslist , reports the Fox 40 ...
New Jersey recorded $251.7 million lost to fraud in 2023, according to 52,478 reports made to the Federal Trade Commission. Skip to main content. 24/7 Help. For premium support please call: 800 ...
Born to a Sephardic Syrian Jewish family and a resident of Deal Park, a neighborhood in Ocean Township, New Jersey, Dwek ran a real estate empire in and around Monmouth County under multiple business names, and was nominally vice-president of the Deal Yeshiva, a non-profit Orthodox Jewish religious school which his parents founded.
Real estate companies used deceitful tactics to make white homeowners think that their neighborhoods were being "invaded" by non-white residents, [6] which in turn would encourage them to quickly sell their houses at below-market prices. The companies then sold that property to blacks who were desperate to escape inner-city ghettos at higher ...