Vacation rental scams are one of the newer scams to make the rounds, and are picking up a lot of speed.
Vacation rental scams can happen whether you rent to individuals or rent yourself a vacation home.
Many online sites will lead you to think they are scam proof and are in control.
This isn't possible! No one can control all the listings that go through an online rental site.
Take care, the outcome to your vacation rental is ultimately your responsibility, and your responsibility alone.
So do your research and check out any company, whether or not it is one online, before you make any rental decision.
Don't be too eager to send money before you check everything out.
The extra time doing a little checking could save you a lot of money, time, and your identity.
This is a scam! Money orders and cashier checks can be faked and, if this is the case, then you are out all that money and you are still held liable as far as the bank is concerned.
This is a perfect set up for identity theft scams.
It is reported and common knowledge that many identity theft scams of all kinds seem to come from Nigeria, UK and other countries outside of the U.S.
The most common way for people to find a vacation rental home is now online.
This is a quick and easy way to find a perfect rental home at a good price, all you have to do is click a button, and it’s all yours.
The catch is, you have to put up a deposit…
...A Very Large Deposit!
These identity theft scams have a couple of scenarios. After you put up your hefty deposit, you travel to your vacation spot and find out the house isn’t even reality; it never existed.
You are now in an unfamiliar place, have no place to stay; and, to top off this whole ugly scenario, you are out all of your deposit money.
In come cases, you end up putting a deposit down on a vacant lot!
...That’s right! He Was Gone!
Identity theft scams like this also include home equity fraud.
There is usually a catch. Unfortunately, if it seems too good to be true, it usually is!
Sadly, I have found over the years that phrase to be true 99.9% of the time.
Vacation rental scams and identity theft scams run the gamut from time share vacation package scams, vacation discount card scams, timeshare scams, real estate scams and, making the news in my area in a major way, have been home renovation scams, just to name a few.