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HARRISBURG (KDKA) The state Chief law officer is warning customers of a new fraud flowing. Lawyer General Josh Shapiro is cautioning all Pennsylvania citizens to be cognitive of a new fraud that mentions "We Purchase Houses." Shapiro states the signs that can be seen on street corners are frequently a rip-off looking to take advantage of individuals suffering from debt, task loss or other considerable life modifications.

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"Signs providing to buy homes for cash are increasing weekly on busy street corners, however these type of transactions are frequently frauds that leave homeowners in even worse monetary shape than they were in the past. These scammers are attempting to exploit Pennsylvanians in susceptible financial scenarios, and my Bureau of Customer Defense isn't buying it." Companies behind the street signs will frequently make a deal to buy the consumers home for less than what it is actually worth.

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The buyer might assure leave from foreclosure however will take the deed without paying off the home loan balance, leaving the client strapped with regular monthly payments and subject to foreclosure. Another scam will entice in customers with promises to buy the house "as-is," however will often back out last minute demanding specific repair work being made, leaving the consumer to foot the bill.

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Attorney general of the United States Shapiro also advises looking for property legal suggestions when it pertains to "Cash for Home" real estate deals. Anyone who thinks they are a victim of a "We Buy Residences" fraud is motivated to submit a complaint with the Attorney general of the United States's Bureau of Consumer Defense by calling or by visiting their site.

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