AgentNews Brief

Beware of real estate scammers

Foreclosure rescue, fake rentals among latest scams

It's a jungle out there. You knew that already, of course. But there seems to be something about our troubled economic times that's bringing out the schemers, the scammers and the less-than-straightforward, many of whom have zeroed in on housing. With the word "foreclosure" on so many lips, it's probably not surprising that con artists have found ways to prey on others' misery by promising to "fix" loans that have gone bad. But renters need to tread carefully these days, too, according to consumer advocates and law-enforcement representatives. Five things to keep in mind for renters and homeowners who want to keep other people's hands off their wallets: 1. Scams that promise they can arrange loan modifications for homeowners who are facing foreclosure "are the single largest set of complaints we're receiving right now," said Stephen Robinson, chief of the Economic Crimes Division for the San Diego County District Attorney's Office. "They ...

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