Zack Childress scam tips for fishy rental scam

1. ZACK CHILDRESS SCAM TIPS FISHY RENTAL SCAM

2. Fishy rental scam

3. Tips To Avoid Rental Scam • Tips to avoid being taken by rental • To avoid such Craiglist scams you can do the following • Some of the tips that you should bear in mind • Foreclosure scam warning tips • Common ways fraudster tries to get money from you • The way by which a foreclosure scam works

4. Fishy rental scam tips Many people yield to real estate scams that are available in several sites online Certain reports also suggest that people are made to sign a rental agreement So the need of the hour is to safeguard ourselves from these scams. There are still some individuals who are victims of this scam. This is particularly in case of those who are having problem with their money. They may be people who are scouting for cheap properties . Hence it becomes necessary to observe whether an advertisement is really good that it can be believed.

5. Tips To Avoid Being Taken By Rental • Google the name of the person or company in charge of listing the property. • You should have no problem finding them online and verifying. • Always visit the apartment in person to make sure that it’s both real and that it’s not currently inhabited by someone who doesn’t wish to rent online. • Technology has made things easier in the short run , but a lot more dangerous in the long run.

6. To Avoid Such Craiglist Scams You Can Do The Following • You should see whether the house is being rented for a whopping price. • When the landlord says that he is unavailable to contact you in person then take extra care. • In case you get to know that the home advertised for sale also comes under the purview of listing for sale then don’t hesitate to ring to the real estate agent. By doing this the scam will be exposed in no time.

7. Warning signs The aforesaid points like the “owner” or “renter” claim to be out of the country and when the communication happens only through email or cell phone will give you a suspicion. But, if you come across the following points, then you need to be alert and let your family members and friends know if they are also looking to rent a home. Having said that, often, your gut feeling will let you know there’s something not right about a wished-for rental deal, together with that, if you come across these things jotted down below, then think twice or even more:- The sense of urgency – when the person seems in a hurry to close the deal immediately. The home appears to have someone else’s personal possessions. The rental sum is lesser than the going rate for the neighborhood. If you are asked to hand over money before anything else happens

8. Prevention • Demand a written lease • Never deal in cash • Meet the landlord in person • Talk to the current tenants • Do your own research and find out all details • Organize an inspection for the property • Know the market rates and compare with the neighborhood value • Take the service of a licensed real estate agent

9. Some Of The Tips That You Should Bear In Mind • Ask for id: • Landlord for some form of identification , preferably picture id for additional peace of mind. • Don’t hand out cash at the property • Avoid making any cash payments to the person showing you around the property. • Don’t send internet payments upfront. • When you’re operating online you have no idea who you are really dealing with , so proceed with caution.

10. foreclosure scam warning tips You understand the difference between foreclosure scams and foreclosure help here are several of the foreclosure scams for you to be aware of, Three types of foreclosure of scams . • They are, 1.Title fraud 2.Foreclosure or home equity fraud 3.Property investment courses and seminars

11. 1.Title fraud • The rarest type of fraud but the most devastating of all • The fraudster gains the title documents from the real owner of the property, forges the document • Using the forget documents,  the fraudster takes a mortgage or any other line of credit and leaves with the cash • Title fraud is prevalent with homes that are free from mortgage and owned by old people. • avoid sharing the critical property documents with the third parties until the final stages of the transfer of title

12. 2.Foreclosure or home-equity fraud Criminals approach the funds-stripped house owners and promise to consolidate the loans as he holds the title for the property. The criminal then fails to make payments as agreed. He also keeps all the payments that are made by the client. After sometime, the criminal reportages the property and disappears with the cash. The house owner is left in debts without the property. Be wary of agents who promise good deals in exchange for the property equity. Leveraging properties is always very risky

13. 3.Property investment courses and seminars • It is important that you educate yourself on real estate. • Do the research on the suitability and the accuracy of the courses before enrolling into the programs. • Real estate investment is a very good way to make money. • The quickest and easiest way to make money is by Zack Childress’ concept called co-wholesaling real estate investing system. • When you surf for this information, there are many attractive offers but most of them are just too good to be true.

14. common ways fraudster tries to get money from you Zack Childress cautions every real estate entrepreneurs against the scams. A fraudster has numerous ways to extract cash. However, there are common ways in which a fraudster tries to get money from you. There are two types they are, 1.Title fraud 2.Loan modification

15. 1.Title fraud In this type of fraud, the fraudster acquires the secured loan in your name by forging with the documents and gets the cash, but it is the real owner who has to pay these loans. Title fraud is common with the homes that are not mortgaged under any individual or party to get a loan. There are many ways to avoid this type of scam but the two suggested and the recommended ways are to take title insurance and avoid issuing vital property documents till the last stages of transferring the ownership to them. Title insurance protects the homeowner against this fraud.

16. 2. Loan Modification • If the homeowner have mortgaged or pledged the house to the mortgage company & are struggling to repay the loans due to high interest, there is a tendency to approach the agency to help them to save their house. • This is the weakest moment for them where the agencies of the situation & exploit them. • If the lender is a fraudster, they will give foreclosure options like reduced mortgage payments to access your bank account. • There is a proverb saying, “Prevention is better than cure.” • It is always better to be on your guard rather than regretting later. • If you have become a victim to these scams, contact Sheriff Station police station or the Attorney’s office and give them a written explanation about the incident.

17. The Way By Which A Foreclosure Scam Works • The scammer will brainwash the homeowner in such a way that the homeowner loses contact with the legal financial solutions. The scammer usually prefers making an instantaneous profit by means which the lender never gets to see. In some cases, the scammer will even go to the extent of taking up ownership of the property. How? He does this by cheating the homeowner. So the key is that the homeowner should be very careful. a)Here are some tips when you are finding it difficult to pay your mortgage

18. a)some tips when you are finding it difficult to pay your mortgage • Be cautious of individuals who ask for payment of fess for mortgage modification services. In majority of cases, claiming fees beforehand for a modification is not within the law. • Only the mortgage company could scrutinize and give a loan modification. • The address that is available in the mortgage statement will be different from the address the scammers ask for payment. Be careful with such things. • Don’t fall for a person who tells that he will assist you with your application process. Don’t make any sort of payment for this type of scam.

19. Don’t pay money to someone blindly through wire transfer for the purpose of upfront payment. • Be cautious of those people who suggest that you suspend your mortgage payments or sever ties with the mortgage company. • Don’t fall under the trap of someone who tells you that he will deal with the deed of the property. • A HUD-approved housing counseling agency will assist you in the process.

20. CONCLUSION Zack Childress has profound knowledge of real estate. He wears many hats and gives training on the real estate scenario. VIEW MORE:http://zackchildress.com/