House Stealing – its a thing!
The housing market is crazy hot right now. Loads of movement and we are seeing in Texas an influx of families from around the country.
Home sale prices in March increased by “a record-breaking annual pace of 17.2% to a historic high of $329,100, with all regions posting double-digit price gains. The median existing-single-family home sales price jumped 18.4% to $334,500, both historic high” according to the National Association of Realtors
Whenever something is hot, scammers are not far behind to take advantage. Scammers are not only targeting new excited homeowners and literally stealing their new homes but are targeting existing homeowners who are enjoying watching the value of their homes increase.
Rental scams seem to be fairly common practice and the FTC has some tips you need to look out for if you are in the market but check out this infographic all about Title Fraud – something I have not heard about before:
Click on the image to enlarge it – Source: HomeTitleLock.com