Profile picture for rmann4858

property purchase

so I am looking for a home to rent and saw a listing 3/1 869... No money down/no credit ck, take over payements, make it your own! So I called the number the the site I was directed to was standard capital US. seems it is a CA based company and you register with a 199.00 up front fee you can rent to own or purchase.you get to see the houses that are avaiable in my area (Bradenton,FL) if you couldnt find a home after 90 days they will refund the fee to you, if not the 199.00 goes toward the buying purpose. These are pre forclosed homes. I was told that the deed would take about 24 to 48 hrs process then move in. They do an income verification. Have anyone heard of this company? Is it too good to be true? I tried googleing the company to get some review in some ways thinking I would see scam! Fraud! but nothing to detore me.Im thinking at wrost Im at risk of loosing 199.00? Please advice

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 25 2013 - Bradenton
We think we've answered this question for you!
 
 

Replies (4)

You lost me at UP FRONT FEE. Never ever ever never pay up front for anything. It is a scam or not worth anything. Rent to own is a joke and appeals to people who don't know it does not work. RUN AWAY, this is going to cost you $199 for noting!!



Curiosity got to me so I googled that company wanting to know what it said about pre foreclosures. This is what it says:

----------------------------------------------------------

Pre-Foreclosure (NOD, LIS):

 Buying a property in a pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright. The borrower/owner can walk away with something to show for any equity in the property and avoid a bad mark on his or her credit history. The buyer has time to research the title and condition of the property and can realize discounts of 20-50% below market value.

--------------------------------------------------------------



Most people go into foreclosure because they can't make the payments on their home and they have no equity in it. They can't sell them because they are not worth what is owed on the mortgage. How can you buy it from them? You have to pay off the mortgage to put it in the buyers name so now this company buys them for more than they are worth and sells them to you? Is that what you want? How will you get a loan on it if the house is not worth what you are asked to pay. Bells and whistles are going off on this one. Ding ding ding

 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 25 2013
Like the above answer, never pay any upfront fees for anything because it's a scam. Get qualified for a loan, go house shopping within your means, and either find a reputable agent or a FSBO and buy a home outright rather than a rent to own.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 25 2013
Profile picture for wetdawgs
If this is a listing you saw on Zillow, please flag it so Zillow can investigate and block the scammer.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 25 2013
I have had the information and photos of a listing used to create a false rental listing on Zillow and Trulia.  Both companies were very fast about deleting it once i notified them, but the issue still stands that fraud is too easy in the internet world. 
As the advice above states, only deal with people face to face reguarding rentals and ALWAYS be warned of up front fees and long distant numbers.I also suggest hiring a local expert, either a rental agent or attorney to help guide you though any complicated or questionable processes.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 29 2013
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
Related Discussions
property purchase
Profile picture for Marcus Vanzant
Latest reply by Marcus Vanzant
January 29 2013 | 4 answers
How quickly can one close on a house
Profile picture for Brad Reynolds
Latest reply by Brad Reynolds
October 09 2012 | 12 answers
What to do when the agent who is "the" expert on a neighborhood also has most of the listings?
Profile picture for MoniqueU
Latest reply by MoniqueU
November 29 2010 | 5 answers
Risks of unpermitted alterations?
Profile picture for Gannet
Latest reply by Gannet
November 25 2010 | 3 answers
Do Zestimates adjust when a house sells?
Profile picture for Pasadenan
Latest reply by Pasadenan
October 21 2010 | 11 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 2404 52nd Avenue Dr W, Bradenton, FL Home For Sale
    2404 52nd Avenue Dr W, Bradenton, FL 34207

     For Sale: $109,900

    • Beds: 5
    • Sqft: 1588
    • Baths: 2.0
    • Lot: 14374
  2. 140 Riviera Dunes Way, Palmetto, FL Home For Sale
    140 Riviera Dunes Way, Palmetto, FL 34221

     For Sale: $515,000

    • Beds: 3
    • Sqft: 2671
    • Baths: 3.5
    • Lot: 56627
  3. 4220 11th St E, Ellenton, FL Home For Sale
    4220 11th St E, Ellenton, FL 34222

     For Sale: $69,000

    • Beds: 2
    • Sqft: 978
    • Baths: 2.0
    • Lot: 3049