Beware of Vacation Home Scams »
Posted By altnrg 7 months, 2 weeks ago in Business & Finance
If you own investment property geared towards the vacation market, you should know about a popular scam that is targeting your demographic. A person emails you about your property. Without even needing a description of the place, the person is enthusiastic about it and thinks it's the only place to live. They want to send you a check. Not just any check, but a check that is way over and above the amount you are asking for the damage deposit and first month's rent. All you have to do is cash it and wire back the remainder. Oh, and keep an extra $1000 for your trouble.
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CHAM7 months, 2 weeks ago
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Usually the prime motivator to these schemes is greed. The mark is in a hurry to get that "unrequested" cash before the poor swindler realizes that he doesn't need to send all that extra money.
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The the one who really got swindled is angry that his anticipated rake off turned out to be an illusion. The mark seldom blames himself, but the swindle couldn't happen without the emotion of greed dulling the senses of caution.
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