Renters Beware! New Rental Scam in the Phoenix Metro Area.

I received an email from the Arizona Regional MLS today informing it’s agents of a recent scam in our real estate industry.

The scam involves tenants moving into a pending short sale listing. The listing agent was surprised when she entered the listing to find tenants moving into the home and the seller had not rented the property to anyone. The tenants and their 2 children were physically moving in and had turned on utilities in their name. The sign and the lock box were removed, and all locks were re-keyed.

The tenants responded to a For Rent sign in the yard. They gave someone $1,800 as rent and signed a lease. The unfortunate victims of this scam are the tenants who were out $1,800 with no place to live.

Listing agents should monitor their listings closely and tenants should be cautious,┬áinvestigating any supposed “landlord” thoroughly to ensure they actually have the right to rent the property.

Comments

  1. That one may be the best so far. I’m not aware of any similar incidents here in our area. Isn’t it amazing what people will to to avoid actually earning a living. Thanks, good post and I’ll check around and see if I can find one that tops it.

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