Be wary of any seller that recommends an escrow service to you, and if one does, take steps to verify its legitimacy.This one can take a bite out of your monthly income, and if you're not monitoring your finances closely, you may not even notice it.
When you contact the seller, they will reply that they want to use an escrow service for their protection and yours, and send you to a site.
However, unlike escrow.com, which is a legitimate site endorsed by e Bay, they will recommend one that sounds just as plausible.
In this scam, someone will respond to your for sale ad saying they are interested, but cannot talk right then. However, instead of giving an email address or phone number, they'll ask to put your cell phone number into a website that "stores" information for them.
In reality, it's a site that is signing you up for a monthly charge of $10 or more per month, and there is no way to cancel the service.
Another common scam is that your prospective buyer will send you a check (regular check, money order, or a cashier's check) that is for much more than the agreed price.
There will usually be an excuse, like "oh, I sent a down payment for two months rent instead of one, can you wire me the difference?
And if enough people do it, that's a tidy sum for the scammer.
With unemployment as high as it is, people out there are desperate for work.
Perhaps something like Escrow Protection or Escrow Payment Guardian.net, and ask you to set up an account.
But this is a fraudulent site set up by the seller, and as soon as you deposit the money, you've lost it.
" Of course, the check they have sent you is fake, but the bank will often cash it and then discover the fraud later.