Brought to you by
KIRO Radio's Tom Kelly digs deep into the Puget Sound real estate market
Real Estate

Landlord scam: Fraud unit cracks down on foreclosure

Freddie Mac's fraud unit has teamed up with about 2,300 real estate professionals to crack down on scam artists posing as landlords who advertise foreclosed homes as rentals.

Freddie Mac is asking for real estate professionals' help in spotting the fraudulent rental ads.

These scammers dupe unsuspecting renters by offering up properties they claim are for rent -- which are often bank-owned and which they have no stake in. Then, these scammers often request personal credit information from the would-be renters and at least two months of rent up front for the lease.

Some fake landlords are able to get the locks changed on the properties, allowing these would-be renters to move into the property, only later to face an eviction by the true property owners.

The fraud unit is cautioning would-be renters to be careful when they rent a property that they don't get duped. For example, they're encouraging would-be renters to check with their county recorder on who truly owns a property, conduct a search to see if the property is for sale, and contact a listing agent if a "for sale" sign is ever posted on a property they are trying to rent.

Top Stories

  • Moving Sawant
    A fundraiser is born to move Councilmember Kshama Sawant to a Socialist country

  • Uber Upset
    Jason Rantz pokes holes in driver's discrimination claim against Uber
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Mortgage Calculator
Enter Your Details & Click the Calculate Button
Loan Amount $
Annual Interest Rate %
Term of Loan Years
Number of Payments
Monthly Payment $
Brought to you by

This is not a commitment to lend. Terms subject to change without notice. Applicant must qualify to receive credits. A division of Pinnacle Capital Mortgage Corp. WA CL 81395, Equal Housing Lender, MLO 70765.
Listen to the show
Hear Real Estate Today on KIRO Radio
Join Tom Kelly every Sunday at 9am on KIRO Radio to talk Puget Sound real estate.

Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know a student who stands out in the classroom, school and community?
Help make their dreams come true by nominating them for a $1,000 scholarship and a chance to earn a $10,000 Grand Prize. Brought to you by KIRO Radio and Comprehensive Wealth Management.

Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.