The real estate market is soaked
with brokers, middlemen, and agents who mostly are professionals and genuine
dealers. Nevertheless, like most markets and businesses, there are a few decayed
eggs, which will do anything just to earnings, by fooling hapless customers.
Being a real estate investor means caring
yourself from potential scams and rip-offs. Be aware that just because somebody
holds a specialized license of some kind doesn’t mean that he is truthful. You
can possibly order one of these licenses over the Internet, or ask somebody to
forge them. Now we can discuss the Jeff Adams Scam awareness tips for beginners.
Be aware of e-mails or web-based
advertisement that encourage the removal of mortgage loans, credit card and
other debts while requesting an up-front fee to prepare documents to satisfy
the debt.
The documents are typically
entitled Declaration of voidance, Bond for Discharge of Debt, bill of exchange,
Due Bill, Redemption Certificate, or other similar variations. These documents do
not achieve what they purport. Borrowers may end up paying thousands of dollars
in fees with no the elimination or fall of any debit.
Perpetrators misinform the homeowners into believing that
they can save their homes in exchange for a shift of the deed, typically in the
form of a Quit-Claim Deed and up-front fees. Be aware of offers to save homeowners
who are at threat of defaulting on loans or whose houses are previously in
foreclosure. You just seek a skilled credit counselor or an attorney to help
you.
More Real Estate News: Jeff Adams Scam Baiting
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