By Emerick Peace
Do you know how to spot a rental assistance scam in Maryland?
T
he pandemic has brought about a wave of uncertainty in so many industries and real estate is no exception.
Unfortunately, scammers thrive in this uncertainty. We know that the government has done its best to roll out the rental assistance across communities across the country, but scammers on the other hand are using this opportunity to prey on consumers in need, pretending to be someone they are not. While there are so many cases of rental scammers in so many parts of the country, I haven’t seen any in Maryland so far, but it doesn’t hurt to be prepared.
123rf.com
Recently CFPB warned that scammers are using text messages to scam renters and prey people in need. In some cases, scammers are trying to obtain the prey’s personal information or steal their money or both. “The look and feel of this scam are very convincing,” said Bev Yang, who works for the Consumer Financial Protection Bureau (CFPB). WWW.THEPOWERISNOW.COM
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