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HARRISBURG (KDKA) The state Attorney general of the United States is warning consumers of a new fraud circulating. Attorney General Of The United States Josh Shapiro is alerting all Pennsylvania citizens to be cognitive of a brand-new fraud that states "We Purchase Residences." Shapiro says the indications that can be seen on street corners are frequently a scam wanting to benefit from individuals struggling with debt, task loss or other substantial life changes.

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"Signs using to purchase homes for money are multiplying weekly on busy street corners, but these sort of deals are typically frauds that leave property owners in even worse financial shape than they were previously. These fraudsters are attempting to exploit Pennsylvanians in vulnerable financial circumstances, and my Bureau of Customer Security isn't buying it." Organizations behind the street indications will typically make an offer to purchase the clients home for less than what it is really worth.

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The buyer might assure leave from foreclosure but will take the deed without settling the home loan balance, leaving the client strapped with monthly payments and subject to foreclosure. Another scam will entice in customers with guarantees to acquire the home "as-is," but will sometimes back out last minute demanding specific repair work being made, leaving the consumer to foot the bill.

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Attorney General Shapiro likewise suggests seeking genuine estate legal suggestions when it concerns "Money for House" genuine estate offers. Anybody who believes they are a victim of a "We Buy Houses" rip-off is encouraged to submit a grievance with the Chief law officer's Bureau of Consumer Security by calling or by visiting their site.

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