Beware of Predatory Real Estate Speculators

Beware of Predatory Real Estate Speculators
Predatory real estate buyers often swoop down after a natural disaster. fizkes/Shutterstock
Anne Johnson
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It’s bad enough to go through the pain of a natural disaster; now you must go through the aftermath. Trying to rebuild is difficult and not always possible. That’s when the scammers move in. They take the form of real estate speculators.

These predatory buyers try to buy your land for below market value. They take advantage of those going through natural disasters to line their own pockets. But how do you know if you’re dealing with a predatory real estate speculator, and how do you protect yourself and your property?

Predators Offer to Buy Distressed Real Estate

Predatory real estate buyers often swoop down after a natural disaster. Their object is to convince or coerce owners into accepting unfavorable contract terms. They also use various tactics to change agreed-upon purchase agreements.
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for 10 years.