Beware of this Scam

This is a very important message to new investors or if you are trying to buy a house and want to get something "Cheap" There really is not "Cheap" way of getting a home....There are companies out there that you might here on late night t.v. promising you can own a home for pennies on the dollar. " bought a house for $10,00.00" Then in the background there is a huge country cottage estate. Not so, these tactics were once used in the early 80's, but doesn't get you into a home today.

You'll spend thousands of dollars on a "Coach" or on books and membership fees etc... to walk you through this guaranteed program. They insist that using a "Realtor" is a bad idea. Why? You don't pay a Realtor, the person who is selling pays a "Realtor." I have heard Realtors will not be truthful and tell you the ins and outs of foreclosures, well maybe you haven't found the right Realtor, a Realtor that is knowledgeable in foreclosures, short sales, pre-foreclosures, there are many Realtors out there that have specialize in certain aspects of Real Estate, it's up to you to do your homework and ask questions.

The "Red Flag" that should go up is giving someone money upfront...or someone saying lets "strip someones equity" this practice is not only unethical but also illegal. Changing title of someones name and giving them little or no money and you take over payments and keep the equity is a classic example of equity stripping...this again is unethical and illegal.

Just imagine if you or a family member were going through rough times and are approached by someone who claims they are here to "Help you" but in reality are deceptive and using unethical practices to gain your trust and "Steal Away" someones property.

There are ways of "Getting a good deal" in Real Estate, it takes patience and the right Realtor on your side. There are foreclosures, short sales, and sellers, probates, bankruptcies...etc

Don't get caught up by the hype...if it seems to good to be true, it's most likely not true.