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HARRISBURG (KDKA) The state Attorney general of the United States is cautioning customers of a new fraud distributing. Lawyer General Josh Shapiro is cautioning all Pennsylvania homeowners to be cognitive of a new fraud that mentions "We Purchase Homes." Shapiro says the indications that can be seen on street corners are often a scam aiming to make the most of people struggling with debt, job loss or other substantial life modifications.

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"Signs using to buy homes for cash are multiplying weekly on busy street corners, but these kinds of deals are frequently frauds that leave house owners in even worse financial shape than they were before. These scammers are trying to make use of Pennsylvanians in susceptible financial situations, and my Bureau of Consumer Protection isn't purchasing it." Companies behind the street signs will typically make an offer to buy the consumers home for less than what it is really worth.

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The purchaser may promise escape from foreclosure but will take the deed without paying off the mortgage balance, leaving the customer strapped with regular monthly payments and subject to foreclosure. Another scam will lure in customers with promises to acquire the home "as-is," however will sometimes back out last minute requiring particular repair work being made, leaving the client to bear the expense.

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Lawyer General Shapiro likewise suggests seeking real estate legal advice when it pertains to "Cash for Home" genuine estate offers. Anybody who thinks they are a victim of a "We Purchase Homes" scam 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 website.

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