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Savvy home buyers may find bargains among foreclosed homes, but the BBB urges home shoppers to educate themselves about the potential pitfalls before they commit to a purchase.
In a tough economy, struggling families look for ways to reduce their expenses. One popular option is to unload any timeshares so they can recoup their investment and stop paying maintenance fees. Many businesses specialize in reselling timeshares, but the Better Business Bureau warns that some companies are using deceptive sales tactics to bilk thousands from already cash-strapped timeshare owners.
National Deed Service, Inc., of Northbrook, Ill., has been sending notices to homeowners in the St. Louis area that imply they need to obtain property deeds, which most people don't need, the BBB says.