Half million dollar house in Salinas, California under foreclosure. (Photo credit: Wikipedia)

3 Real Estate Scams And How To Avoid Them

One of the attendees during the May AARP conference shared her experience on how she had been conned by a fake company posing as a state affiliated housing agency. The victim was left at least 5 figures poorer after coughing up a whooping ten thousand dollars to the fraudsters. Well, this is a common experience shared by many people who fall prey to these criminals.

These scams have become so popular and so sophisticated that even though consumers are aware of them, they just have no idea how to avoid them. The three most common scams include loan modification scams, rental scams and workshop scams.