FTC, realtors warn homebuyers about mortgage closing cost scam

Source: Ben Lane, HousingWire

Hackers find a way to get into the email accounts of homebuyers, real estate agents, or realtors. Then, they use that access to obtain information about upcoming real estate transactions.

The email tells the homebuyer that there has been a last-minute change to the wiring instructions, and instructs the buyer to wire their closing costs to a different account.  But, of course, none of that is true.

Read Full Article: FTC, realtors warn homebuyers about mortgage closing cost scam

 
 

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