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
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Article Author: Joshua DorkinJoshua has written 570 articles for us.
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Joshua Dorkin (@jrdorkin) is the founder and CEO of BiggerPockets.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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