Owners Desperate To Rent Out Their Homes The Target Of Overseas "Cash Back" Rent Scams

In Nashville, Tennessee, WSMV-TV Channel 4 reports:

• Police said they have seen an increase in scammers hoping to make money from desperate property owners during the current recession. Many people are looking for renters to help them make their mortgages and avoid foreclosure, but that is putting them in a vulnerable position to be bilked.

For more on a story of a homeowner desperate to rent out her home, who received a $5,000 check from a prospective tenant from overseas, with instructions to deposit the check, keep $1,900 for the lease, and wire back the balance, see Police See Increase In Home Rental Scams (Home Owners Become Desperate To Rent Property).