One issue is the bad folks out there that will buy these terrible properties and them sell them to un suspecting forigners who then get blamed for not maintaining their props.. when in fact they got swindled... :) but when your talking about 20 to 30k houses being over priced and no value then your talking about the worse of the worse in housing stock.. and I am sure these are ghetto type locations. or war zones.

Other issues in Lease 2 Own to Protect you the unsuspecting Lease 2 Own Home Buyer:* Giving the seller too large of a down payment. * Failing to get a title search. * Not protecting the title from liens and judgments against the seller. * Not making sure the mortgage payments on the underlying loan are being made. * Not getting several months before having to make the first payment. * Not getting the seller to sign the disclosures that protect you. * Buying properties that need too much in repair work. * Dealing with lower priced properties. * And not doing the proper research about the market you are buying in.

Keep in mind, there are lots of dishonest people always looking to rip off unsuspecting consumers.

Ignorance is not bliss and can unfortunately destroy some unprepared and unsuspecting people.

If at the 11th hour of my decision making on the first deal I had not listened to my gut or simply gave myself an excuse not to bother him I would have paid dearly.The best contacts will come from the most unsuspecting conversations so make sure you tell everyone what you are doing and talk to people everyday.

Then they move on to the next unsuspecting landlord and do it all over again.

Another big problem with Detroit is all sorts of unscrupulous "turn-key" companies and others, preying on unsuspecting foreign investors who have no idea what they are getting into.

I came across a nice house with tall grass in a nice neighborhood.  The house is in good condition but there was a utility disconnect tag on the front door.  After doing some research, it turns out the homeowner (a si...

There's absolutely no way I would pay a significant fee that was not contingent on performance of my due diligence.What would stop an unscrupulous seller with a property having a known major defect from dangling that stinker out in the market, attracting some unsuspecting and hapless would-be buyer, and then collecting easy, non-refundable money from them?

The one that could catch unsuspecting realtors is familial status, as that seems to be in every love letter I've ever seen.