Property fraud complaints rise in U.S.

Miami /
Jul.July 31, 2012 04:30 PM

Americans are increasingly grumbling about real estate-related scams and problems, according to a report released today by the Consumer Federation of America, which found property-related issues to play a major part in five of the top 10 most common complaints. After automobile-related issues, credit and debt were the second most common consumer complaints, according to the report, which was comprised of complaints recorded in 2011 by 37 state and local agencies. Mortgage modifications and mortgage-related fraud are included in this category.

Home improvement and construction work were listed as the third most frequent source of fraud. Landlord-tenant disputes rose to the seventh most reported consumer problem, led by unsafe or unhealthy conditions and rent disputes. New to the list this year, and the ninth most common consumer complaint, was “real estate.” That category includes timeshare fraud, retirement community problems and outright real estate fraud. Finally, complaints relating to household furniture and appliances were listed as the 10th biggest issue.

Bed bugs, mold and landlord-tenant disputes, fraudulent rentals of foreclosed proeprties, and timeshare sales were included in a separate list compiled by the federation of the 11 fastest-growing complaints. — Adam Fusfeld


Related Articles

arrow_forward_ios
Abraham Edgardo Ortega is one of nine people charged in the laundering scheme. (Getty, Department of Justice)
Former Venezuelan oil exec sentenced in $1B money laundering scheme
Former Venezuelan oil exec sentenced in $1B money laundering scheme
Royal Palm Business Plaza at 9200 Belvedere Road in Royal Palm Beach (Google Maps, US District Court Southern District of Florida/Illustration by Alexis Manrodt for The Real Deal)
Joseph Walsh hit with $26M judgment over alleged Royal Palm Beach EB-5 fraud
Joseph Walsh hit with $26M judgment over alleged Royal Palm Beach EB-5 fraud
Johnny Mansilla (Nest Seekers, Realtor, Zillow)
Nest Seekers falsely claims exclusivity on Miami listings, feeds bad information to Zillow and Realtor.com
Nest Seekers falsely claims exclusivity on Miami listings, feeds bad information to Zillow and Realtor.com
Joseph Menaged with his units at Faena House and One57 (Credit: Facebook, Redfin, StreetEasy)
Father of “Property Wars” star pleads guilty to bank fraud
Father of “Property Wars” star pleads guilty to bank fraud
Georgina Pineda and King David Condominium at 17555 Atlantic Boulevard (Credit: Realtor)
Property manager stole HOA money, then gambled it away: police
Property manager stole HOA money, then gambled it away: police
Robert Matthews and the Palm House Hotel (Credit: NAIOP)
Palm House Hotel developer will use taxpayer money to pay legal bills: report
Palm House Hotel developer will use taxpayer money to pay legal bills: report
(Credit: iStock)
Three arrested in South Florida affordable housing scam
Three arrested in South Florida affordable housing scam
Miami beach skyline (Credit: iStock)
Florida man sentenced in $3.5M mortgage fraud scheme that targeted Orthodox Jewish community
Florida man sentenced in $3.5M mortgage fraud scheme that targeted Orthodox Jewish community
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...