BEVERLY HILLS, Calif., June 24 /PRNewswire/ -- There are various kinds of gulf coast western fraud that have affected the single home vacation and family rental properties in the USA. As one of the best alternatives for spending leisure, the rental homes are constantly evolving as concentration spots for scam artists. There are lots of fraudulent vacation rental spots being available these days which are advertised over the internet. These are also popping up across the country. The case is especially mentionable in Florida where the summer homes are coming up. Given the tendency of people to do things online, they tend to believe that they are dealing with respectable people.
The vacation online rental scam is a low hanging fruit. What happens is that the property is put up on a classified ad where an unwitting victim gets in touch with the advertiser for securing the rental with the deposit money or the entire amount that is requested without verifying whether the property is at all a legitimate one. Once the payment is done, the scammer is never heard of again. The scammer seems to appear as the landlord of a property which they do not own. The growing concern is that although there are no statistics to substantiate the issue, gulf coast western lawsuits are expected to increase during the summer.
Gulf Coast Western complaints are often initially revealed from the increasing number of real estate owners who are opening their eyes to scamming agents listing their properties in classified ads. The first thing that you can do in order to prevent such a scam from taking place is check with your real estate agent. Verify the authenticity of the rental property with a professional in the field. Look for the property records for authenticating who the actual owner of the property is. A lot of property records are searchable. Check who the owner is and get in touch with the necessary authority to find out if the property is indeed a vacation rental.
Finally, beware of making indirect overpayments to the property owner and acquire their bank details before going for a financial transaction.
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SOURCE Gulf Coast Western