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Real Estate Scam Alerts

Condo Complex Scam Alerts

Be cautious of the following developments:

Condo Complex "Ocean Breeze" in Boca Raton: 50-unit complex sold as a "pre-construction opportunity" with "guaranteed 10% annual returns"
The "Sunny Meadows" complex in Palm Springs: promised to have a "private beach access," only to renege on the deal after buyers moved in

Don't fall for the following:

Phantom down payments: some scammers ask you to pay a "small fee" for a mortgage approval, only to never show up with the loan
Unaffordable interest rates: watch out for rates that seem too good (or bad) to be true