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HARRISBURG (KDKA) The state Attorney general of the United States is warning consumers of a new fraud distributing. Chief Law Officer Josh Shapiro is warning all Pennsylvania citizens to be cognitive of a brand-new scam that states "We Buy Houses." Shapiro states the signs that can be seen on street corners are frequently a scam aiming to benefit from people struggling with debt, task loss or other substantial life modifications.

What's Up With the 'We Buy Houses for Cash' Signs? - Millionacres

"Signs offering to purchase houses for cash are increasing weekly on busy street corners, however these sort of deals are often frauds that leave homeowners in even worse monetary shape than they were before. These fraudsters are trying to exploit Pennsylvanians in vulnerable monetary situations, and my Bureau of Consumer Security isn't purchasing it." Companies behind the street signs will often make an offer to buy the consumers house for less than what it is really worth.

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The buyer may guarantee leave from foreclosure but will take the deed without paying off the home loan balance, leaving the consumer strapped with monthly payments and subject to foreclosure. Another scam will lure in customers with guarantees to buy the home "as-is," however will in some cases back out last minute demanding particular repairs being made, leaving the consumer to bear the expense.

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Attorney general of the United States Shapiro likewise suggests looking for property legal guidance when it pertains to "Cash for House" realty deals. Anyone who thinks they are a victim of a "We Purchase Homes" rip-off is motivated to file a complaint with the Attorney General's Bureau of Customer Protection by calling or by visiting their site.

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