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A realtor lock box hanging on the doorknob of a house for sale. A real-estate lock box is a padlock-shaped box that generally hangs around the doorknob of a house that is on the market. The device holds the keys to a house to allow communal access for all real estate agents, while continuing to keep them secure. [1]
Such scams rely on lead generation, designed to confuse potential customers into believing that the scammer is a legitimate, but low-priced, locksmith: [4] [20] [6]. Creating websites, [21] search engine advertisements and business directory listings designed to resemble those of legitimate locksmiths.
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure hunts, and charms and talismans.
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To “protect” homeowners from this scam, Home Title Lock says it will monitor a subscriber’s title, 24-7, and notify them right away if anyone tampers with it. The cost: $19.95 a month.
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Review seller’s disclosures beforehand: Study the seller’s disclosure documents to make yourself aware of any issues that could potentially diminish the value of the property.
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