Here’s yet another sign that we’re back in bubble territory, albeit a strictly anecdotal one. During the last bubble it was nearly impossible to turn on the radio without hearing some form of scammy “riches in flipping” ad during the commercial break. I don’t listen to the radio that often, but in the rare instances […]
Posts with the scam tag
Foreclosure Flipping Scam Spam
The foreclosure scammers are out in force, and they’re coming at the “opportunity” from all angles. Not only are there unscrupulous people out there trying to dupe struggling home debtors out of their money, but now even the financially stable (homeowners or not) are apparently becoming targets. Check out this spam I recently received: From: […]
The Biggest Real Estate Scam Of All Time
A reader sent me this excerpt from the Fraud Examiners Manual (2006 edition), published by the Association of Certified Fraud Examiners: Real Estate Real estate scams are easily recognized. There is almost always an element of time pressure, with the victims being convinced they are participating in a “once-in-a-lifetime, now-or-never” deal. The investors are led […]