Real Estate Scams

Spam emails claim to contain real estate files, but hide dangerous malware.

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Now, more than ever, desperate real estate agents, con men, fraudsters and scammers attack our email, phone and voicemail with frauds, cons, spam and trojan horse attacks. Read Loft Blog articles about prolific con artist Drew Donovan, who targets home buyers, sellers and real estate professionals. #drewdonovan

Some of the most common, dangerous frauds against home buyers and sellers include spam emails, which claim to contain important documents, but actually contain viral files with trojan horse malware. It comes from a random email address, and to the Closings Department. In says “Open the attachment to see the instructions”. The files are called “Payoff” and “Wire Instructions,” but they are really trojan horse malware virus files that may take over, spy on, hold hostage or destroy your computer. #realestate #scam

Some email scams instruct the receiver to send a bank wire for the down payment or purchase funds. The devastating truth is that the email is a scam, and the bank account belongs to the fraudsters. There’s no possibility of retrieving the huge sum of the bank wire amount. Always verify bank wire account details by phone with your escrow company.

Renters must always keep an eye out for scams. Rental listings that have an enticing low rent price; an out-of-town, unavailable owner, manager or agent; no voice phone, or requires a lease application in advance, exhibit signs of potential scams. Do not ever provide payment or personal information in these cases. #fraud

Licensed professional real estate agents often conduct a little scam of their own. Prospective agents can get away with over-promising to the seller more money for a home than what the market can actually bear. Make sure that any promised market price or asking price is realistic: The expected selling price must be based on recently sold home prices for similar nearby properties.

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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

2-Story Lofts Downtown Los Angeles

2 story live/work lofts at the Alta condominium building in Los Angeles

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The real experts on real estate are the readers of the L.A. Loft Blog. When we know what Loft Blog readers are thinking about, then we know what is really happening in the Los Angeles urban real estate market right now. Here are this week’s reader questions.

Q: When is the los angeles public administrator auction? A: Los Angeles Public Administrator Auctions only come up once in a while. Here are links to auctions in CA and other states:

MUNICIPAL AUCTIONS NATIONWIDE | FNMA FORECLOSURE AUCTIONS

Q: What is happening with oceanwide plaza la construction? A: Here’s a link to OceanWide Plaza posts.

Q: What’s the deal on renting a loft in los angeles? A: Here are some helpful links to find lofts for lease:

http://www.laloftblog.idxbroker.com/i/downtown-los-angeles-lofts-for-lease

Q: What are the best 2 story lofts downtown los angeles? A: Here’s a link to 2-story lofts:

https://www.laloftblog.com/?s=2-story

Get a free list of the top 10 loft deals in Downtown Los Angeles. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking
OceanWide Plaza construction site languishes in Downtown Los Angeles

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.