Be Wary of Street Corner Signs!

Posted by Melissa Walters
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Exercise caution if you call a number on a street corner or yard sign that reads something like this:

Avoid Foreclosure
We Buy Houses
Stop Foreclosure

The people behind these signs may be legitimate, but how do you properly check them out before you do business with them? In most cases, you only have a phone number and a sign that claims they are real estate investors or something similar. You would not call any other professional based on a street corner or yard sign, so why would you risk calling someone you can’t check out when your home is at stake? We realize it’s tempting when you’re desperate to keep your house. The carrot they offer is to help you avoid losing your home to foreclosure. If you still can’t resist calling, here are indications you’re speaking with a scammer:

If they urge you to not talk with anybody else about what they have offered you. This should be your first sign to run. The only reason they’re asking you to keep it a secret is because they don’t want anyone to tell you the truth. And if they were making money legitimately, what kind of company doesn’t want word-of-mouth advertising? An illegal one.
If they ask you to pay money up front, this is a huge red flag.
If anyone asks you to sign documents but doesn’t give you the necessary time to read them or to have them reviewed by someone else, this is another red flag. The reasons for the rush may sound legitimate, so don’t be taken in.
If the deal “has to be done today," walk away from it.  For more information go to www.MakeNoMistakes.com

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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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