Wednesday, February 21, 2007

Absentee Landlords Beware!

Check out this interesting story in Inman News. It exposes the activities of scam artists who search out unkempt homes in quiet neighborhoods. This supposedly signals that the owner is likely to be an absentee landlord. Once found, the criminals forge a quit claim deed in the seller's name which allows the crooks to take control of the property. Next, they inform the renters that there are the new owners and boot the renters out. From there it's easy to sell the place before anybody is the wiser. Long distance landlords often have no idea their investment property has been targeted until it is too late. Read more ...

Jennifer Bunker, CRS, GRI
Utah Real Estate Broker

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