Scam targeting new homeowners - AmericaNowNews.com

Consumer

Scam targets new homeowners

  • ConsumerScam targeting new homeownersMore>>

  • Craigslist scam targets renters

    Craigslist scam targets renters

    Renters beware - crooks are once again using Craigslist to rip people off. If you're looking to rent a house or an apartment on Craigslist, fraud is on the rise. Crooks are using the popular website to
    Renters beware - crooks are once again using Craigslist to rip people off. If you're looking to rent a house or an apartment on Craigslist, fraud is on the rise
  • To rent, or to buy?

    How to decide whether to rent or buy a home

    It seems that every day more and more of us are waking up from the "American dream" of owning our own home. According to numbers from the feds, the percentage of Americans who own a home dropped to 65.9
    It seems that the "American dream" of owning a home is becoming less of a possibility for many these days. Nathan Bachrach offers advice on how to decide whether you should rent or buy.
  • Buying a home could get harder

    Buying a home could get harder

    Getting a mortgage may be harder than before. Federal regulators are suggesting future home buyers put 20 percent down to purchase a home; the average down payment in some areas is as low as 3.5 to 5 percent. Realtors
    Getting a mortgage may be harder than before. Federal regulators are suggesting future home buyers put 20 percent down to purchase a home, which could push some potential owners away.
  • Common holes in homeowner's policies

    Common holes in homeowner's policies

    When's the last time you read through your homeowner's policy? Money Expert Nathan Bachrach says odds are it isn't going to cover everything you think it will.
    When's the last time you read through your homeowner's policy? Money Expert Nathan Bachrach says odds are it isn't going to cover everything you think it will.

Slick real estate cons are trying to trick new homeowners into buying an unneeded copy of their deed.

The scam targets new homeowners when they're most vulnerable. It's a letter giving them only days to send in their money for a copy of their deed. 

The catch?  It's something they don't even need.

In the days following the purchase of his new home, Eric Wilke received a suspicious letter in the mail.

Inside, a final notice from 'Record Retrieval Department', giving him one week to buy a copy of his new deed before being charged a late-fee.

"It said up to $87 is what you'll be charged, which was kind of sketchy," said Wilke. 

So, he called his realtor and discovered the letter was nothing but a scam.

"They're taking advantage of the clients. They come in official documentation and our client was really quite upset," said realtor Chris Dickson.

Attorney David Harris specializes in real estate law. He says, "The scam part of this is that it is designed to look like it came from a government agency and it's designed to look like an invoice that you're supposed to pay."

We called the number listed for Record Retrieval Department and got a recorded message.

"Please note, this is not a government agency," the message stated. "At any time, you can purchase a copy of your deed through your local county recorder's office."

Vanderburgh County Deputy Recorder Laura Brown says deeds are public and copies cost just $1 per page.

A far cry from the $87 Wilke thought he'd have to pay for something he now knows he doesn't need.

"Be careful," he advised. "Overlook it. If you think it's questionable, ask somebody about it because they look pretty legit."

Copyright 2012 America Now. All rights reserved.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Exclusive: Photos from Inside Anthony Sowell's Home

    Inside Look: Exclusives Photos Paint Disturbing Scene Inside Home of Anthony Sowell

    Saturday, May 1 2010 11:19 AM EDT2010-05-01 16:19:26 GMT
    GRAPHIC PICTURES: CLEVELAND, OH (WOIO) - It was one of the most gruesome sights in Cleveland crime history.
  • Six deadly foods for dogs

    Six deadly foods for dogs

    Every pet owner knows a dog can get into just about anything around the house. One woman found that out the hard way when her dog ate a bunch of grapes! Turns out, that's one of the most dangerous foods
    Every pet owner knows a dog can get into just about anything around the house. But these common snacks could be fatal for Fido.
  • Physicians warn against giving melatonin to children

    Physicians warn against giving melatonin to children

    Parents desperate to get their troubled sleepers to bed are turning to synthetic melatonin, which is a supplement sold over the counter. But expert warn it could have adverse effects on child development.
    Many adults turn to sleep aids like melatonin, but now more parents are giving them to their kids, too. We talked to physicians to see what they had to say about how it could affect your child's development.
Powered by WorldNow