Guide to Real Estate Fraud

Buy and Rent to Own Options

The package includes firms who offer to purchase your home in return for allowing you to stay while you pay them rentals plus additional fees for future ownership. This is welcome news for homeowners who face foreclosure but these people are advised to be wary and to take a serious look at the contracts they are signing. Scam artists are using such platforms to get people to sell them their homes thinking they are under a rent-to-own basis finding they have lost everything due to the home being sold to a different buyer. Scams are at a record high especially with desperate homeowners trying to stave off losing their homes. The federal government has taken up the call and have employed the whole spectrum of media from the internet, movies, print and others just to get the news out to prevent them from being victimized by such enticing yet fraudulent acts.
People who have fallen prey have lost homes and ended up with nothing even their savings as they have used the bulk of it for their monthly rentals, surprised by eviction notices from the new home owner as they lie stunned from the fast evolving events that are unfolding right before their very eyes.