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The scam: In desperate financial straits, a homeowner faced with foreclosure lists his place for rent or for sale. You bite and, when the owner’s bank comes calling to claim the property, the deal bites you back.
How to Avoid It: Do your due diligence on the owner and the property, and be very suspicious if the owner doesn't examine you and your finances very thoroughly. You can also contact the County Recorder to find out if any notices have been filed on the home.
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