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In 2022, the FBI received 11,727 real estate-related complaints with losses of over $396 million, an 86% increase versus 2020 levels. Home sale scams ramp up amid a housing market short on ...
Purchasing a home is like investing in a piece of your legacy. Unfortunately, this makes real estate a prime target for con artists. According to the FBI's Internet Crime Report 2021, the losses ...
Real estate scams are nothing new. But as rents, home prices, and inflation remain high in today’s volatile housing market, some industry experts warn scams could be on the rise.
Last year, there were a total of 9,521 reported real estate scams, including title theft, according to the FBI’s annual Internet Crime Report — a number that has stayed relatively stable over ...
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure hunts, and charms and talismans.
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Shawn Waldman, CEO/Founder at Secure Cyber, shared the biggest red flag to identify a scam: the buyer receives last-minute changes to the transaction details. Because cybercriminals take advantage ...
Likewise, other states' legislation allowed lawsuits against real estate companies and brokers who cheated buyers and sellers with fraudulent representations of declining property values, changing racial and ethnic neighborhood populations, increasing crime rates, and the "worsening" of schools, as results of racial mixing. [2]
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