Homebuyers BeWare: Putting a down payment on a home could be extremely dangerous

Posted on Dec 27, 2016 01:48 PM EST
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Homebuyers BeWare: Putting a down payment on a home could be extremely dangerous

Do you research before you buy your house!

Homebuyers beware: Putting a down payment on a home could cost you your life savings.

Online criminals have been impersonating real estate agents online and tricking buyers into sending money into offshore accounts. To pull it off, scammers hack into real estate agents emails and then quietly monitor communications, waiting until they are about to close in on a deal. The scammer then sends buyers money wiring instructions under the identity of the agent, which routes the payment to offshore accounts.

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