Tips for Seniors to Avoid Real Estate Fraud

Tips for Seniors to Avoid Real Estate Fraud

We know that people who commit fraud often target and exploit senior citizens. Want to avoid being a victim of fraud? Keep reading.

The California Bureau of Real Estate has assembled a great list of specific tips seniors can use to help protect themselves against fraud in the area of real estate. Areas covered include:

  • Common types of real estate fraud
  • Unlicensed prepaid rental listing services fraud
  • Timeshare resale and rental schemes
  • Online rental fraud
  • Unlicensed property managers
  • Real property recordation fraud
  • Real property investment schemes
  • Reverse mortgage scams

Remember that fraud by predators and scammers against seniors in the area of real estate requires being vigilant and skeptical. Many legitimate, reputable, licensed and competent professionals work in the real estate and mortgage fields. You will need to do some research and homework to make sure you work with them.

About The Author

Jonathan Brooks
Jonathan Brooks, President of First Probate Loans Jonathan maintains highly specialized expertise in California real property, finance/lending, and trust and estate laws. He has completed nearly 10,000 financial transactions to estates and trusts in more than 25 years of probate loan management work. Jonathan is a trusted source for attorneys throughout California, as well as for mediation and arbitration judges. A recognized industry expert, he serves as a single source for estate mortgage borrowing needs. California Bureau of Real Estate Broker # 01881423 Nationwide Mortgage Licensing System and Registry NMLS # 307111 Paralegal

7 Comments

  • Danie Matthews on September 26, 2017

    So unfortunate that this has to even be discussed. There should be extreme penalties for those who prey on what our seniors have worked for!

  • Christine on September 26, 2017

    Thank you for bringing awareness not only to our elders, but to many of use who have grandparents who can be vulnerable to these type scam companies!

  • Shi on September 26, 2017

    This advice for many people will be useful to inform others about it!

  • Charly Neel on September 26, 2017

    So sad that people can be frauded not just by web hacking but by people masquerading as licensed professionals. Great tips for everyone!

  • Riley Ellis on September 29, 2017

    I had no idea seniors were so targeted for fraud! Thank you for the advice, this is important for every senior to know.

  • Mabel Smith on October 14, 2017

    Are there any ways to prepare for the increased risks that come with age?

    • Jonathan Brooks on November 20, 2017

      An attorney, specializing in elder law, is the best way to prepare.

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