HARRIS REAL ESTATE UNIVERSITY SCAM ALERT | Cash For Keys Scam Spreading!

We have been warning HREU Students about this scam for well over 2 years.

Scammers have figured out how to cash in on..cash for keys.

Banks often pay tenants (and owners) cash for they keys in exchange for leaving the home in broom swept condition. Literally, the bank will send an agent to offer whomever is living in the home 1000s to move out with out trashing the home or forcing the bank to evict them.

Now, scammers have figured out of they camp out in vacant homes they will eventually be paid to leave. For the home to qualify as occupied the only thing required is that there is a mattress and some evidence that someone is living there. In other words, there is a very low threshold for what is required for the home to be considered occupied.

Agents, have you seen this happening in your market?

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