There is going on right now that I want to talk about a couple of scams because there are a couple things that happened just recently that harkened me when I first started in 1980 in Arizona real estate back in here.
There were many of the current scams, I mean we were just selling homes and we have tons of big scams that I thought was a friend of mine actually being perpetrated on the second day is a little something called rent skimming.
They will move a person in the home. Down the road repo man comes knocking on their door, or $ 1,500 to $ 1,000 a month rent payment on a home and will get 3 or 4 months and say, 'Hey, you got.'
This course is a tenant and the tenant, he says, 'Hey, you do not own home, and that person that they were paying rent for the last 3 or 4 months in either their own home.
So you are talking about somebody, 'Shark', which goes out and finds an empty house, changes the locks breaks, it cleans up, put it on Craig list and rent it out and collect the money. He was never home, he never owned a home right then suddenly the sheriff shows up and tells all you have to go.
How can that be legal? Well it is not legal, it is not legal in all. Because that person who you do not own a house to rent if they were not at home, now that the tenant does not know the course.
Under the new guidelines of Fannie Mae Now, Mother, that the tenant, if they are lucky enough to own the property to Fannie Mae, or to the idea that you actually live at home, because some of the new guidelines of Fannie Mae or if the tenant may have in the home, and they let him home again sign a contract with the State. It did not say how long they will not let them stay for a while.
Fannie Mae has been in the property management business. Yes, our government now, as well as the entity that is not only out of a trillion dollars into the hands of the landlord likes.
What is going on all the property values or property values continue to rely on the go. But the real issue becomes, real estate ownership in the business of our government?
What is a crime, I mean realistically, a person goes home to rest. Sounds like me and entered the breach, then the monies are collected on an empty house. I do not know about the Arizona law is very specific about the practice.
And I immediately think, oh, oh, we're dealing here with the status of rent skimming. Well it is the lender, the home of her not yet, as there were by the mortgage market, saw a house is empty, the door opened, all the locks on the house has been changed and now not ready to turn the keys to the owner. Two weeks later they still have not received keys to the lender.
California is a partner of mine on the repos, and I think it is a little bit here, where the mortgage situation is what happens when you are knocking on your door to all kinds of people. Some of these people are and want to buy stuff out of your home.
Now there are some things you can sell. Nothing in my mind that the physical property, which is not connected to you, you can sell. A virus is dry, and refrigerator-like material, you can sell the stuff. But you can not really be considered for the cabinet walls to rip, rip out the wall or pipe, and it was somebody knocking on your door offering you $ 1,500 for all by coming home to sell. What is happening is that a lot of cases in California, in fact, they completely trash the homes.
The other thing you have to look out for when you leave you will not believe your deed to destroy the property is responsible.
They will, perhaps then they will come, and if they do not. But it does not matter, you are committing a crime, you just should not. And another thing if you think you may rent skimming scheme, go to your county website and see that you can actually own property has been associated with.
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Monday, December 19, 2011
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