November 1, 2024
The real estate market is already tough enough — when you’re buying, renting or refinancing the mortgage on a home, the last thing you want to worry about is being scammed. Unfortunately, criminals are getting more creative in how they target housing consumers. In 2022, real estate fraud resulted in victim losses of nearly $400 million, according to data from the FBI’s Internet Crime Complaint Center.
Here are five common real estate and mortgage scams to keep on your radar, plus tips to avoid becoming a scammer’s next victim.