Avoiding Real Estate Scams in Colorado

Right Way Frank Duran Homes Real Estate ChoiceAlthough Colorado is relatively free of crime when compared to other states, real estate fraud and scams are pretty prevalent here too. Many realtors will tell you that real estate scams are generally found just about everywhere you go, and even though the legislation and the laws were changed to attempt to crack down on fraud, we still have a long way to go until that crackdown is actually a reality.

Fortunately, avoiding scams in Colorado is less difficult than in other places. There aren’t as many scammers, but you still have to keep your guard up. When you’re trying to buy a home, it’s important to keep track of title issues, otherwise you might find yourself facing the prospect of losing your money and your house.

Fake buyers are also a common scam that sellers have to deal with, and in some cases the buyer will work together with an untrustworthy or fake realtor or with other parties to convince the seller that their home is worth less.

Finally, scams involving money transfers as well as reverse mortgage scams can also be a problem. To avoid any of these issues, consider talking to a proficient and experienced real estate agent like https://frankduranhomes.com/ who can advise you on how to spot scammers and take the right measures to avoid or expose them.

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