How to protect your home from an Airbnb rental scam
An Airbnb scam that could cause you to lose money, a home that’s worth far more than you thought and a bank account worth millions could all be caused by the same person.
An article on the web site of real estate website medicalnewstoday.com on Thursday said a California couple was forced to cancel their home in October after their mortgage lender informed them the house they had bought with $1.2 million had been sold to a scammer.
They had paid $1,700 in cash for the house, and the seller said they were moving to a new home, the article said.
But when the buyer and his wife arrived home in mid-October to find that the house was not being sold, they were shocked to find out that the home was being rented out by an unknown buyer.
The couple said they discovered they were not the buyers, and that their new home was now worth a total of more than $1 million, the Medical News today article said, citing the California State Attorney General’s Office.
The article said the bank did not tell the couple it was the buyer who had rented out the house to a different family.
They were told they would have to repay the loan, and they did, but the bank told them they were still in arrears, the story said.
The bank said they would not be able to give the new buyer their money back until the bank found the new owner and could help the buyer find a new buyer.
They called the California Attorney General, who said they could file a claim against the seller.
The state Attorney General did not return a message left by The Associated Press.
Medical News Today, an online news site that publishes stories about medical and medical-related topics, did not identify the bank that sold the house.
The owner of the property declined to comment.
The Associated Press has not been able to verify whether the seller of the house is a real estate broker.