Hi All-
I wanted to let you all in on the details of a scam that has been going on with Craigslist. It has been happening for about a year, but has really stepped up lately.
Here's what happens:
- The Scammer finds a good property listing for sale on the MLS
- They list the home as a rental on Craigslist using the Agent's name but with a different email address
- They list the monthly rental amount at about half of what the normal rent would be in the property's area
- This low rent catches the attention of potential renters and in an attempt to beat out other renters at this great deal, many people rush to send these "Landlords" their security deposit and first month's rent as fast as possible
- These "Landlords" only accept the payment by Western Union and commonly use the cover story of being missionaries overseas
Here's how to protect yourself:
- If a deal sounds too good to be true - it is. (We had a $240,000 home that was advertised by these Scammers for $900/month in rent)
- When you see a listing, first Search the web for the property address. If it is listed for sale on another website, call the agent at a phone number listed somewhere besides Craigslist (the agent's website for example) to verify the property is truly for rent.
- Unless you meet the owner or landlord personally at the home, be very cautious.