Everyone can be scammed.
Andhiring contractorscan be afraught, stressful process.
Either way, theyget to workand tear up your existing driveway.
Why its easy to fall for:Its just so … brazen.
Once you do, they walk away and never return.
Why its easy to fall for:Time pressure is acommon psychological trickused by scammers.
They tell you that they will get your insurer to cover the project; justlet them handle it.
The contract you sign with the lender actually takes out ahome equity loanon the houseand the contractor vanishes.
Free inspection!
The scam:A contractor knocks on your door and offers toinspect some aspect of your home for free.
Once you pay a deposit, they go to get materials and never come back.
If they cant provide these or you cant actually get in touch with them, think twice.
Even if its not a scam, its a contractor you probably dont want to work with.
But more than that should give you pause, because you want to havesome leverageif things go south.
Never pay cash.If a contractor insists on a cash deposit, politely show them the door.
But even a check is a better option than cash, as it at least establishes a paper trail.
And by not using a contractors recommended financing you remove any risk of getting suckered.
There are a few basic steps to take:
Contact law enforcement.File a reportwith your local police.
You should also contact your states Attorney Generals office and file a report.
Speaking with a lawyer can give you some idea of your chances and outline a way forward.
A conversation with your local insurance agent is a must.
