How you can protect yourself from housing fraud - A financial expert gives important tips

How you can protect yourself from housing fraud - A financial expert gives important tips

According to a report by www.op-online.de, a couple fell for a fake apartment ad that has been luring people every week for two years. The fraudsters have copied the owner's apartment advertisement and are using it to illegally obtain rent and deposits.

These fraudulent activities have a serious impact on the real estate market. The potential tenants, like the Sárközy couple, have fallen victim to identity theft and fraud. The counterfeiters demand large deposits and obtain personal information that can be used for identity theft. This leads to a loss of confidence in the housing market as potential tenants will now be more skeptical and cautious when contacting landlords and agents.

In addition, such fraud cases can cause significant inconvenience to the actual owners. As in this case, they have to deal with weekly visitors who believe the fake ad is valid. This can lead to stress and frustration.

It is important that potential renters and property owners are protected from such fraudulent activities. The article suggests that potential victims report to their bank, attempt to reverse the payments and report the (attempted) fraud to the police and the affected online portal.

It is imperative that authorities take this issue seriously and take measures to stop such fraudulent activities. The security and integrity of the real estate market must be protected to protect potential tenants and property owners from fraudulent activities.