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HARRISBURG (KDKA) The state Attorney general of the United States is alerting consumers of a brand-new fraud circulating. Lawyer General Josh Shapiro is alerting all Pennsylvania residents to be cognitive of a brand-new scam that mentions "We Buy Homes." Shapiro says the indications that can be seen on street corners are typically a rip-off looking to make the most of individuals suffering from financial obligation, job loss or other substantial life changes.

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"Signs offering to purchase homes for money are multiplying weekly on hectic street corners, however these kinds of deals are frequently frauds that leave property owners in even worse financial shape than they were previously. These fraudsters are attempting to make use of Pennsylvanians in vulnerable monetary scenarios, and my Bureau of Consumer Security isn't buying it." Companies behind the street indications will often make an offer to purchase the consumers house for less than what it is really worth.

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The buyer might guarantee get away from foreclosure but will take the deed without settling the home loan balance, leaving the customer strapped with monthly payments and based on foreclosure. Another fraud will lure in consumers with guarantees to acquire the house "as-is," but will in some cases back out last minute demanding particular repairs being made, leaving the customer to pay the bill.

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Attorney General Shapiro likewise suggests looking for realty legal recommendations when it concerns "Money for House" realty deals.  A Reliable Source  who believes they are a victim of a "We Buy Houses" fraud is motivated to submit a complaint with the Attorney General's Bureau of Consumer Security by calling or by visiting their site.

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