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HARRISBURG (KDKA) The state Attorney general of the United States is alerting customers of a brand-new fraud circulating. Attorney General Josh Shapiro is warning all Pennsylvania citizens to be cognitive of a new fraud that mentions "We Buy Houses." Shapiro states the indications that can be seen on street corners are frequently a rip-off aiming to take advantage of people experiencing debt, job loss or other significant life changes.

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"Signs offering to buy houses for cash are multiplying weekly on hectic street corners, but these kinds of deals are typically scams that leave homeowners in even worse financial shape than they were previously. These fraudsters are trying to exploit Pennsylvanians in vulnerable monetary situations, and my Bureau of Consumer Defense isn't purchasing it." Organizations behind the street signs will often make an offer to purchase the consumers house for less than what it is actually worth.

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The purchaser might guarantee leave from foreclosure but will take the deed without paying off the home loan balance, leaving the consumer strapped with month-to-month payments and subject to foreclosure. Another fraud will draw in clients with promises to buy the home "as-is," however will in some cases back out last minute requiring particular repair work being made, leaving the client to bear the expense.

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Attorney general of the United States Shapiro likewise recommends looking for realty legal recommendations when it concerns "Cash for House" realty deals. Anyone who believes they are a victim of a "We Buy Homes" rip-off is encouraged to file a problem with the Attorney general of the United States's Bureau of Consumer Defense by calling or by visiting their site.

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