Michigan Attorney General Dana Nessel has issued a new consumer alert, Real Estate Scams – How to Avoid Being Taken in by Fake Listings to educate renters and homebuyers on how to avoid property scams, spurred by recent reports. Fraudulent real estate listings often advertise properties that don't exist, are not for sale or rent, or are not what they appear to be.
Retirement should be a time of pleasure and relaxation, a chance to enjoy life beyond the work-a-day world. To ensure that they have extra income available during retirement, many seniors look to downsize their homes or take out reverse mortgages that help them consolidate debt, cover medical bills and generally have more money available to cover daily expenses.
All investments carry some degree of risk, but there's a distinct line between a risky investment and a downright scam. Unfortunately, scams are prevalent. According to data from the Federal Trade.