Buyer beware: Sophisticated real estate scam becoming more prevalent
Posted May 4, 2016
“We nearly lost everything.” That’s how my dad started the conversation. With a half-relieved, half-shell-shocked look on his face, he told me the story.
After a lengthy search, my parents found a beautiful home, made an offer and counted the days until closing.
The day of closing, with the attorney’s finger hovering over the mouse, ready to wire the funds, he said to my parents, "You double-checked everything, right? Because this can’t be undone."
My dad had done so, but decided to triple check anyway. He was STUNNED at what he found hiding in the mountain of paperwork.
My parents did some digging and learned they were – quite literally – one click away from losing everything.
When I heard the story, I was stunned. How could this happen?!?! I started asking questions, and learned my parents had nearly been the victims of a real estate scam that is popular, and getting more popular by the day. It is a sophisticated hacking operation – but you CAN protect yourself from becoming a victim IF YOU KNOW the questions to ask!
In my piece, I’ll tell you how the scam works, and four simple ways to make sure YOU are not a victim! This really does affect anyone who is buying or selling a home. Please watch, you will be glad you did!!