ARE YOU THE NEXT TARGET OF A SCAM?

By
Real Estate Agent with Coldwell Banker Residential Brokerage

ARE YOU THE NEXT TARGET OF A SCAM?

Attempts to scam people out of their hard-earned money are nothing new, but with technological advancements, scammers are becoming more sophisticated. Learning how to quickly spot these scams will prevent you from becoming their next unsuspecting victim.

The Top Six Scams are Mortgage Fraud, Unauthorized Credit Card Charges, Overpayment Scams, Identity Theft, Insurance Fraud and Computer Intrusion Scams.

Stay informed to stay protected-Here are a few preventive measures and tips you need to know to avoid becoming a victim of a scam:

Mortgage Debt Elimination Schemes- be aware of e-mail or web-based advertisements that promote the elimination of mortgage loans, credit cards and other debts, while requesting upfront fee to prepare documents to satisfy the debt.

Foreclosure Fraud Schemes- prepetrators mislead homeowners into believing that they can save their homes in exchange for a transfer of the deed and upfront fees. The perpetrator profits from these schemes by remortgaging the property or pocketing fees paid by the homeowner without preventing foreclosure.

Predatory Lending Schemes- beware of lenders who tell you that they are your only chance of getting a loan or owning your own home, and avoid "no money down" loans. This is a gimmick used to entice consumers to purchase property that they likely cannot afford or are not qualified to purchase.

JULIE CORRADO

CENTURY 21 ALAIMO & CORRADO

860-604-3809

JULIECORRADO@AOL.COM

WWW.JULIECORRADO.COM

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the world to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Connecticut Hartford County
Tags:
are you the next target of a scam stay informed to stay protected south windsor real estate

Comments 2 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
389,376
Richard T. Dolbeare
R(B), ABR, CRS...Hawaii Multi-Island Specialist
Keller Williams Realty

I've always considered myself very astute about such things and never got caught up in one until snared by FreeCreditReport.com.  I have no idea how it happened but there were 3 months worth of charges when I closely examined my bills.  I consider it a scam but in fairness to the company, they do not.

November 10, 2009 12:10 PM
Rainmaker
352,004
Pat Champion
Coldwell Banker Camelot Realty

This is great news to spread especially since a lot of home owners may be takes advantage of in these days. My parents always told me if it seems to good to be true it is. Thanks for sharing.

November 10, 2009 12:10 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the foot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
9,688

Julie Corrado

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: