A new release from the National Association of Realtors warns consumers about an increasing number of fraud cases being reported where con artists are scamming the public by offering fake home rentals in many popular destinations. With the emergence of online rental engines such as HomeAway and VRBO, as well as popular classifieds such as CraigsList- con artists are finding it much easier to prey on consumers hoping to take advantage of rental bargains due t the economy.
I've now seen reports in both Las Vegas and Tampa claiming that con artists are breaking into vacant of foreclosed homes and changing the locks- then advertising these properties for rent. When a tenant moves in, the con artist simply pockets the deposits and rental payments until the scam is discovered by the true property owners. The tenants are then thrown out of the property, and are unable to get back large security deposits.
If you are currently searching for a rental home, you can protect yourself by working with a licensed real estate agent or respected property management company. Always confirm that the individual you work with is truly licensed. Most states maintain online databases where consumers can confirm the license status of individuals or businesses. For real estate licensing, the website http://arello.org can verify licenses in multiple states.
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