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

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"Indications using to buy homes for cash are increasing weekly on hectic street corners, however these type of transactions are typically rip-offs that leave homeowners in even worse monetary shape than they were previously. These scammers are trying to make use of Pennsylvanians in vulnerable financial scenarios, and my Bureau of Customer Security isn't buying it." Businesses behind the street indications will often make a deal to buy the customers home for less than what it is in fact worth.

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The buyer may guarantee escape from foreclosure but will take the deed without settling the home loan balance, leaving the client strapped with month-to-month payments and based on foreclosure. Another rip-off will lure in consumers with guarantees to acquire the house "as-is," but will in some cases back out last minute requiring particular repair work being made, leaving the consumer to pay the bill.

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Chief law officer Shapiro likewise advises looking for genuine estate legal guidance when it concerns "Money for Home" property deals. Anybody who thinks they are a victim of a "We Buy Residences" scam is encouraged to submit a grievance with the Attorney general of the United States's Bureau of Customer Security by calling or by visiting their site.

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