Summary of Buying or renting a home? Be alert to these common scams.
Summary of Buying or renting a home? Be alert to these common scams.
Scammers often target house hunters, posing as representatives from government programs or fake sellers, and preying on their hopes for financial relief. In 2022, over 40 million homebuyers and renters were cost-burdened in the US, and from 2018 to 2023, nearly 70,000 instances of real estate and home rental-related cybercrimes were reported to the FBI, resulting in $1.4 billion in losses.
quoting nevent1q…0sr9Buying or renting a home? Be alert to these common scams.
Here are five tips on how to avoid falling for housing scams, and being duped out of thousands of dollars.
https://www.cbsnews.com/news/home-buying-rental-scam-listings/
Scammers often target house hunters, posing as representatives from government programs or fake sellers, and preying on their hopes for financial relief. In 2022, over 40 million homebuyers and renters were cost-burdened in the US, and from 2018 to 2023, nearly 70,000 instances of real estate and home rental-related cybercrimes were reported to the FBI, resulting in $1.4 billion in losses.