Recognizing fraud Part 1
Today’s real estate market condition is rising up concern to people not just in the real industry per se but practically everyone in the neighborhood. Foreclosures, descending home prices, and sub-prime chaos are just some of the issues. Unfortunately at times like this, some people find opportunities to defraud innocent people. Our folks used to say, “if it looks too good to be true it probably is”, and it is really applicable to this kind of situation. Scammers are con artists. They prey on neophyte investors. Sadly, some victims don’t go to the authorities for help to the point that some fraudsters are able to swindle many times in the same neighborhood.