Heroic Investing

real estate scams

real estate scams: red flags

New Real Estate Scam Shows Red Flags

After defrauding hundreds of real estate investors in the US and Canada, a group of Detroit-area telemarketers are on the lam, sought by US and international authorities on a variety of charges. Their all too common story serves as a dramatic illustration of common real estate scams – and the kinds...

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The Rental Market:  A Smorgasbord for Investors

The Rental Market: A Smorgasbord for Investors

The rental market is hot right now, the headlines say. Home ownership is down, and rents are going up. It’s a good time to cash in on the growing demand for rental housing. But hold on a minute. Not all rental markets are created equal. And while rents are rising and it really is a good time to be...

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An Old Real Estate Scam Snares New Victims

An Old Real Estate Scam Snares New Victims

In an age of heightened worry about sophisticated scams and information hacking, a few low-tech, old school scams are still flourishing –w with a little help from the internet. Case in point: a very simple real estate “bait and switch” that recently netted a New York con artist a cool $22,000. We’ve...

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The Top 5 Scams in Real Estate –and How to Avoid Them

The Top 5 Scams in Real Estate –and How to Avoid Them

Scam artists have probably been around as long as humans have – and their basic bag of tricks hasn’t changed. Now though, the Internet is crating ways to put new spins on those old tricks to reach even more potential marks -- and the turmoil in the housing market makes real estate a prime hunting...

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Beyond Phishing –Now There’s Smishing

Beyond Phishing –Now There’s Smishing

Remember phishing? Now there’s smishing, a new kind of electronic identity theft targeting uses of smartphones and tablets. But although the venue may be new, these scammers are simply adapting the same old tried and true tactics that con artists used to use on the telephone. In those old days, people...

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Stolen Listings and Zombies: More Real Estate Scams

Stolen Listings and Zombies: More Real Estate Scams

If the Nigerian money transfer scheme weren’t enough, a variety of other real estate scams continue to circulate, trapping not just sellers, but also buyers and renters, too. The aftermath of the housing collapse created conditions ripe for scamming, as foreclosures spread, banks mishandled mortgages...

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The Nigerian Scam Targets Real Estate

The Nigerian Scam Targets Real Estate

The Nigerian Internet scheme is so well known, it’s become a joke. But now, variations of that scam are targeting the housing market, snagging unwary home sellers and buyers with a mix of pathos and pressure on marketplace sites like Craigslist and eBay. Fraud specialists in large housing markets warn...

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HeroicInvesting.com

How To Spot a Real Estate Scam (Or A Really Nice Person)

We at Heroic Investing would never stoop so low as to suggest you should study this blog post in order to learn the ins and outs of real estate scams for the purpose of improving your own schemes. Con men are right there in the gutter with the worst examples of humanity - politicians and carnival barkers...

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