Friday, 3 July 2015

Consumers and senior citizens avoid Real Estate Scam follow these tips

The California Adams Publishing Group, Inc of Real Estate has just put out an advisory to help consumers and senior citizens avoid taking the bait on Real Estate Fraud for home loans, rentals, timeshares and property recordings.

Many have learned to tear up unwanted correspondence with official-looking seals to refinance a home loan, and find a place to rent or avoid foreclosure.

Through the mortgage meltdown, more than 100 of homeowners on the verge of foreclosure became clearly aware real estate schemes were extensive in the Inland region.

Here are ten scam avoidance tips:

1) Be careful and suspicious of spontaneous offers and calls. Search for and look at permit numbers on mailings, sites and all writing.

2) Contact the state and better business departments. Request references. Hunt utilizing Google, Yelp or other Internet locales to take in more about the organization, its players and figure out whether they are connected to another shopper tricks.

3) Decline to pay money for an administration, and secure your own data – particularly your government disability number

4) Don't pay for house loan or foreclosure relief services in advance.

5) Never sign an agreement for a real estate deal you cannot afford.

6) Be doubtful of a real estate agreement you do not understand blank spaces.

Blank spaces allow a scam artist to fill-in-the-blanks of an agreement you already signed.

7) Do not sign your home over to a third party who claims such a move can and will help you repair your credit or keep you in your home.

8) Never sign a power of attorney giving rights to your goods or money to any person or any company you do not personally know or trust.

9) Monitor and every so often check the title to your real estate holdings, as you would your credit reports and act immediately if you detect fraud. A caution bell should sound if you stop getting your property tax bill, get real estate documents in the mail from a transaction you did not make, or if you receive a notice of defaulting on a home you own outright or are present on mortgage payments.

10) If you have a title insurance policy on your home, contact the title company to see if you are protected against forged deeds or untrue documents recorded after you bought the home property. If you become aware of a forged deed in the chain of title to your home, and have a title policy with fake protection, the title company may be able to help you get the fake deed removed through civil litigation or cover costs up to the policy's covered limits.

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