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How to avoid falling to a "professional house squatter" scam
House squatting is not something new. However, how people are obtaining abandoned property due to the many foreclosures, has created a new breed of con artist. There is a capitalist in all of us and if there is a way to bet the system then people will find a way. When I think about house squatters, I think of a homeless person who wants to shelter himself/herself from the elements. However, as I started researching articles about house squatters, soon did I realize that today's house squatter are actually "con artist". The foreclosure crisis and the number of vacant homes owned by banks can only leave it's door open to the opportunity of "those aspiring capitalist" that look for an easy way to make a buck.
What happened to make an honest living? Squatting is on the rise as more and more homes become vacant and the court systems and banks are bogged down with endless piles of paperwork. Leaving neighborhoods to become victims to scams and "professional squatters", as more and more empty inventory hits the housing market.
Let's take a closer look on how to avoid falling victim to a "professional squatter".
Ways to avoid falling victim to a squatting scam
Squatting is a problem that can hurt renters as well as neighboring homeowners. Here's what you need to know to protect yourself.
Homeowners
1. Keep a list
If your neighborhood has a lot of vacant properties, keep a list of them as well as phone numbers for the real-estate agent or asset manager in charge of them, and local law enforcement contacts. Pass them out to your neighbors, so if anyone sees something suspicious, you can get someone out there to handle it quickly.
2. Catch them in the act
Try to catch squatters in the act of moving in. It's easier to get them out of the house before all the utilities are in their name, police officials say.
3. Organize a neighborhood watch
Most real-estate agents drive by their foreclosure properties regularly to make sure they're not being vandalized. But they mostly do this during the day and in the middle of the week. Squatters typically move in at night or on the weekend. If vacant houses are a problem in your community, sit down with neighbors and schedule times to patrol these properties at night or on weekends and call police if you see suspicious activity. It shouldn't be your responsibility, but ultimately, securing these houses protects your community's real-estate values and safety.
About the Author
http://freeMortgagefix.com offers a FREE service to struggling homeowners who need help applying for the government's Home Affordable Modification program and other loan modification options offered by lenders and servicers. This FREE online software has a 100% no commitment, no credit card required to use their services. Find use ful tools and online support to ask your questions about the loan modification process and other concerns about the foreclosure process.
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