Penn State Ag Sciences Newsline -- June 5, 2007
Penn State consumer specialist says beware of certified deed offers (:43)
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Suggested Intro:
HOMEOWNERS ACROSS PENNSYLVANIA ARE RECEIVING OFFERS FROM A SERVICE HOPING TO SELL THEM A CERTIFIED COPY OF THE LEGAL DEED TO THEIR HOME OR OTHER PROPERTY. BUT AN EXPERT IN PENN STATE'S COLLEGE OF AGRICULTURAL SCIENCES SAYS YOU PROBABLY DON'T NEED WHAT THESE PEOPLE ARE SELLING. MORE FROM GARY ABDULLAH:
Story:
(:15) CHANCES ARE, YOU ALREADY HAVE A COPY OF YOUR DEED AT HOME. PENN STATE CONSUMER SCIENTIST CATHY BOWEN SAYS SOME COMPANIES WILL ACCESS PUBLIC RECORDS AND SELL YOU A CERTIFIED COPY AT 10 TO 15 TIMES THE ACTUAL COST. THE KEY, BOWEN SAYS, IS ASKING HARD QUESTIONS:
Bowen Actuality:
(:19) "WHENEVER YOU ARE APPROACHED TO BUY A PRODUCT, ASK YOURSELF 'DO I NEED THIS PR0DUCT? CAN I GET THIS PRODUCT OR SERVICE FROM SOMEPLACE ELSE AT A DIFFERENT COST? JUST WHAT ARE MY OPTIONS FOR BUYING IT?' JUST BECAUSE YOU'RE OFFERED IT BY ONE COMPANY DOES NOT MEAN YOU WANT TO PURCHASE IT THERE. LOOK, EXPLORE AND DO YOUR HOMEWORK BEFORE YOU MAKE A DECISION."(:08) BOWEN SAYS UNSUSPECTING CONSUMERS ARE OFTEN TRICKED INTO PAYING HIGH FEES FOR SOMETHING THAT THEY CAN DO FOR THEMSELVES AT THE COUNTY COURTHOUSE FOR A NOMINAL FEE. FROM PENN STATE, I'M GARY ABDULLAH.
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Learn more:
Penn State's Financial & Consumer Literacy Web site
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