SCAM-PROOF YOUR ASSETS: THE RISE OF BANK AND REAL ESTATE SCAMS
The following article is an excerpt from Scam-Proof Your Assets
Maybe the most insidious of all scams is the one that happens right in the zenith of your happiness, the one that capitalizes on your life’s work and your hopes and your investment in what most think of as the American Dream.
You’ve just gone through the exhaustive process of walking through homes, let a bunch of strangers pore over and judge your credit and spending habits, endured weeks of inspections and incessant phone calls, and experienced highs and lows in which your payment went up, down, up, and down again. You’ve packed all your belongings, put your property on the market, experiencing the exhaustion from both sides of the table. You’ve
carefully determined how much of your life savings you can spend on a down payment, dotted every i and crossed every t, and the day has come to finally, finally pay them that money, get your keys, and take possession of your new home. Then the crushing truth hits you like a brick wall: That life savings has been taken from right under your nose, with your own blessing even, and there’s no way to get it back.
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