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HARRISBURG (KDKA) The state Chief law officer is cautioning consumers of a new rip-off flowing. Lawyer General Josh Shapiro is warning all Pennsylvania homeowners to be cognitive of a new rip-off that states "We Buy Residences." Shapiro says the indications that can be seen on street corners are frequently a fraud seeking to take benefit of people struggling with financial obligation, job loss or other substantial life changes.
"Signs using to purchase houses for money are multiplying weekly on hectic street corners, however these type of transactions are often rip-offs that leave homeowners in even worse financial shape than they were in the past. These scammers are trying to make use of Pennsylvanians in vulnerable financial circumstances, and my Bureau of Consumer Security isn't purchasing it." Services behind the street indications will often make an offer to buy the customers house for less than what it is actually worth.
The purchaser might promise leave from foreclosure but will take the deed without paying off the home loan balance, leaving the consumer strapped with regular monthly payments and based on foreclosure. Another rip-off will lure in clients with pledges to buy the house "as-is," but will sometimes back out last minute demanding specific repairs being made, leaving the client to pay the bill.
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Chief law officer Shapiro also recommends seeking genuine estate legal recommendations when it comes to "Cash for House" property offers. Anyone who believes they are a victim of a "We Buy Homes" scam is encouraged to submit a grievance with the Chief law officer's Bureau of Customer Protection by calling or by visiting their site.
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