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HARRISBURG (KDKA) The state Lawyer General is alerting consumers of a brand-new scam distributing. Chief Law Officer Josh Shapiro is warning all Pennsylvania locals to be cognitive of a brand-new fraud that states "We Buy Houses." Shapiro says the signs that can be seen on street corners are often a fraud seeking to make the most of people experiencing financial obligation, task loss or other significant life changes.

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"Indications offering to buy homes for money are multiplying weekly on hectic street corners, but these sort of transactions are frequently scams that leave property owners in even worse monetary shape than they were before. These scammers are trying to exploit Pennsylvanians in susceptible monetary situations, and my Bureau of Consumer Security isn't purchasing it." Companies behind the street signs will typically make a deal to buy the clients home for less than what it is actually worth.

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The purchaser may assure leave from foreclosure but will take the deed without settling the home mortgage balance, leaving the client strapped with regular monthly payments and subject to foreclosure. Another rip-off will tempt in clients with pledges to purchase the house "as-is," however will in some cases back out last minute requiring specific repair work being made, leaving the client to foot the expense.

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Chief law officer Shapiro also advises seeking realty legal suggestions when it pertains to "Money for Home" realty deals. Anybody who thinks they are a victim of a "We Purchase Residences" fraud is motivated to submit a grievance with the Attorney general of the United States's Bureau of Consumer Security by calling or by visiting their site.

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