Rent to Own Home Scams in Orlando – How to Avoid Scams
Rent to own homes (also called lease option or lease purchase) has become a popular way of getting into a house when your financial situation has thrown your house hunt for a curve.
But, you may have heard of con game out there that have left many honest people out thousands of dollars instead of in a home of their dreams. Some recent tenant deposit taking schemes originated from Craigslist and made it into the news. This has caused rent to own tenant buyers to become nervous about whether or not the house they’re looking at is also a “scam”.
Rent to Own Home Scams in Orlando – How to Avoid The Con Games That Are Out There
There has been an increase in the fraud that is out to fleece either potential tenants or homeowners. Several forms of the shakedown exist that have come out in recent years.
There are those scammers who take advantage of popular property buying and selling websites to scam potential tenants, especially foreigners.
They create counterfeit websites of the popular sites and put up enticing advertisements. Once a person falls for them, a series of email communication flows and the tenant makes a deposit, and that is it – once that deposit money is sent over to the scammer… it’s nearly impossible to track down who did it or how to get the money back.
The biggest scam that is out there for potential renters or rent to own buyers is described below.
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