Facebook Scam - Rental Deposit Fraud

Real Estate

So there has been a scam going on through Facebook Marketplace for quite a while now and recently we were contacted by someone who almost fell victim to it. Thankfully we were able to help this person avoid losing a couple thousand dollars.

 

Basically what happens is this:  Someone will find a home for sale in a certain area and then create a post in Facebook Marketplace presenting the property for rent. Through that, they get people to send them the money for the rental deposit or downpayment for an "Owner-Finance" loan or rent-to-own scenario and promise to send the keys once they receive the funds.

Watch the video above to see exactly how this plays out.