Posts with tag Real Estate scams

Homeless Man Allegedly Rents Out Vacant Home to Tenants

Is being a thief better than being a squatter? A homeless man allegedly stole $1,375 in cash by renting out a vacant home in Ormond Beach, Fla., so that he could afford a place to live, MyFoxOrlando.com reported. Eric Sisson, 27, (pictured at left) listed the foreclosed home on Craigslist, claiming that he recently... Continue Reading »

Former NYPD Officer Accused in $4.7 Million Real Estate Scam

A former police sergeant and a New York attorney are being charged with stealing $4.7 million from investors using an elaborate real estate scam. James Monahan, who worked for the New York Police Department from 1994 to 2005, and Edward Adams of Obermayer & Adams in Manhattan, claimed to be building a condominium... Continue Reading »

Renters Beware: Fraudsters Still Lurking on Craigslist

With a burgeoning "sharing economy" and the growing amount of trust in peer-to-peer marketplaces like Craigslist, consumers have become increasingly comfortable with online transactions. These days, it's no exaggeration to say that people are willing to look for almost anything online. Whether it's finding a roommate, a... Continue Reading »

Scammer Tried to Sell Home He Didn't Own, Police Say

Suburban Chicago police are hunting for a man they say tried to sell a home that wasn't his. The case is hardly an isolated one, with reports coming from hard-hit foreclosure states of similar acts. Empty or rented homes are the easiest targets, says the FBI. Police in Campton Hills, Ill., have issued an arrest warrant... Continue Reading »

Mortgage Salvation -- or New Twist on an Old Scam?

A lawyer in Tallahassee, Fla., is at the center of what some experts are calling a new take on mortgage relief scams, according to the St. Petersburg Times. Nearly 6,000 struggling homeowners seeking mortgage modifications have agreed to work with a Florida-based law firm in the hope of settling their outstanding debts.... Continue Reading »

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