Word of the Week:


Love and Affection:

The consideration often listed on a deed when real estate

is conveyed between family members with no money exchanged.

  The law recognizes love and affection as good consideration

 (as distinguished from valuable consideration, which is money,

 goods, or services.)


Word of the Week:


To give up; a term used in quitclaim deeds.

Word of the day

Unjust Enrichment: An undeserved benefit; a court generally will not allow a remedy (such as forfeiture of a contract for deed) if it would result in the unjust enrichment of one of the parties.

Scams, Scams, Scams Everywhere!

As we all know times are tough and many are in dire straights with their real estate situation as well.  Most homes now are over valued, which means the current mortgage is more than the actual value of the home.  I hope that many people like myself try to find the good in each and every person that I encounter.  However, there are people out there that look to take advantage of people to assist in their own getting ahead. Sad part is they don’t care if they prey on elders, handicapped or just the everyday person trying to make a living.

Real estate has been hit hard over the past several years with many different types of scams that have put the current market in a very precarious situation.  Now many are looking for help to keep their homes, sell their homes and protect some of their interest or just know what may happen if they walk away. 

The sad  part about the whole situation of what is going on now, is it is hard to catch the people who are preying on persons that truly are looking for help to resolve their situation.  We have all heard it before, but I am going to say it again before I get into the top 3 scams that are going on right now in the real estate market:


Here are the top three scams that are happening now in the real estate market for those looking for help.

1.)  PHANTOM HELP:  Out of the blue you get a postcard, flyer or call from someone stating they can help you save your home.  Generally, these types of advertisements are scams.  Be VERY careful if you plan to contact on of these solicitations about the information and personal information you give them.  More than likely they are not working with anyone connected with your mortgage or your personal situation.

2.) BAIL-OUT/RENT-TO-BUY: Should someone approach you to buy your home at a discounted amount, have you rent from them for a certain amount of time, then you get to buy the home back for the purchase price….RUN!!!!!!  This is the BIGGEST scam out there.  These people will show up with a document ready for you to sign that has these details drafted out, but in reality, what the document states is you are SIGNING THE DEED TO YOUR HOME OVER to this person/company.  You will soon receive a certified letter or some sort of contacting notifying you that you have so many days to move out of your home.

3.) Bait-N-Switch:  Again, this looks a lot like the bail-out/rent-to-own, but this time they will show up with documents & just fill in the information in front of you.  This person will be dressed VERY well, mainly a male and be a very fast talker.  They will tell you, you have to make the decision right then and there and pressure you to sing the document.  You will be signing the deed to your home over to whomever this person/company is.

Where can you turn for help you can trust?  HUD is always a  great option; they provide a service that allows you to bring in any documents you have received and someone will review them and give you suggestions as to how to progress or if it may not be in your best interest.  Also, you have the right at any time to contact a lawyer of your choice to review the documents you have.  There maybe a fee for this service so check with the firm you want to work with.  You can also try to work with your local bank that you have a personal relationship with. They maybe able to suggest

THE SPIRITS TO MOVE are here to help and provide you with information that is helpful & trustworthy! Be safe and know who you are talking with at all times about your personal & financial information.