The ten biggest real estate ripoffs, according to Forbes Magazine are:
1. Equity Stripping
2. Hidden Loan Terms/Balloon Payments
3. Loan Flipping
4. Home Improvement Loans
5. Credit Insurance Packing
6. Mortgage Servicing Abuses
7. Signing Over Your Deed
8. Forged Deeds
9. Straw Buyers
10. Lease Options
While many of these are certainly scandalous, others like Lease Options are actually great opportunities, provided you are educated in what you’re doing. The key to not getting ripped off in anything is to always know what you are getting yourself into. Educate youself!
To see the full slideshow, go to: Attack Of The Real Estate Rip-Offs
Article Author:
Joshua DorkinJoshua has written 539 articles for us.
Visit Joshua's Website: http://www.biggerpockets.com/
BiggerPockets.com was founded by Joshua Reed Dorkin in August 2004. An entrepreneur, web designer, real estate investor, and one-time realtor, Joshua was not satisfied by the online offerings of other real estate sites out there, and decided to build one himself. Mr. Dorkin's vision for BiggerPockets has helped to propel it into becoming one of the top real estate destinations online. His vision for the site and its future has brought national press attention to both Mr. Dorkin and to BiggerPockets.
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