Consumer Alert: Real Estate Scam

Friday, May 7, 2010 - 3:36pm

Yesterday NBC33 News told you about two scam artists who were arrested in Baton Rouge for real estate fraud. They finagled five thousand dollars from an eager prospective home buyer. Fortunately, East Baton Rouge Parish Sheriff’s deputies caught these would-be con artists. Not every case has such a happy ending. Tonight we will tell you how to avoid getting caught up in a real estate scam. Foreclosure rates in Baton Rouge are higher than they’ve been in fifteen years, so those looking to buy homes are not the only people at risk. Home owners could be out more than money – they could lose their home. Below are a few organizations you can check with if you feel like a deal is too good to be true. Better Business Bureau 748 Main Street Baton Rouge, La 70802 225.346.5222 www.batonrouge.bbb.org -Contact if you feel you’ve been a part of a scam, or to check on the standing of a title company or realtor Greater Baton Rouge Association of Realtors 14101 Perkins Road Baton Rouge, La 70810 225.761.2000 www.gbrar.com Call to find out if your realtor is on the up-and-up