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I-Team: “We Buy Homes” Scam Alert

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The PA Attorney General issued a warning about a home buying scam. It deals with signs popping up all over the state with offers to buy your home. It’s a case of Seller Beware. The I-Team’s Andy Mehalshick has the details.

You see the signs in Wilkes-Barre and all over the commonwealth.

They usually include a name and a phone number for people to call for more information but the Attorney General says all too many times they are looking to take advantage of folks who are suffering from debt, job loss or other life challenges that are looking to make fast money.

When you have we buy homes’ you are buying with somebody you don’t know. said Ken Temborski. Temborski of Aggressive Realty has been in the real estate business for 20 years. He says he has heard nightmare stories from some of his clients who first called the number on signs like these.

The problem is some are good people but the problem is they want to do their own closing they want to do this. When you hand over a deed you hand over without title insurance you should have a reputable abstract company do your transfer Temborski explained.

Temborski says even if they are a reputable group. More times than not the purchase price is not what you may expect..  

They also buy homes wholesale they are not buying retail. When a realtor goes out he’s promoting the home retail which is the most money you want, Temborski added.

The Attorney General offers this advice for consumers: Obtain a home appraisal to know the market value of your home and seek a Real Estate Agent as well as legal advice to evaluate any cash for homes’ contract.   

Temborski agrees I always say you should go list with a realtor go with a realtor and verify the realtor. Get somebody who’s in the business. You can check them out.

If you believe you’ve been a victim of a “We Buy Homes” scam, you are encouraged to file a complaint with the Attorney General’s Bureau of Consumer Protection by visiting www.attorneygeneral.gov or by calling 800-441-2555 or sending an e-mail to scams@attorneygeneral.gov.

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