KAAR Scam Alert: Cold Check Scams

KAAR recommends members be aware of Cold Check scams by taking the time to verify with financial institutions, before depositing, that checks received for earnest money or other deposits are valid (written on an open account with sufficient funds). Be especially wary of individuals asking that a check be held for an extended period of time before depositing or when a check is received as part of an early occupancy agreement that may be a bit suspect.