Skip to content Sitemap

FTC Consumer Blog addresses Mortgage Phishing Scam

MARCH 18, 2016

On March 18 the FTC Consumer Blog issued a post focused on hackers who have been breaking into some consumers’ and real estate professionals’ email accounts to get information about upcoming real estate transactions. After figuring out the closing dates, the hacker sends an email to the buyer, posing as the real estate professional or title company. The bogus email says there has been a last minute change to the wiring instructions, and tells the buyer to wire closing costs to a different account. But it’s the scammer’s account. If the buyer takes the bait, their bank account could be cleared out in a matter of minutes. Often, that’s money the buyer will never see again.

FTC Consumer Blog: “Scammers Phish for Mortgage Closing Costs(link is external)

NAR : Urgent Alert: Sophisticated Email Scams Targeting the Real Estate Industry

© COPYRIGHT NATIONAL ASSOCIATION OF REALTORS

_______________________________________

Cadmus Properties has proudly served Hawaii for over 30 years. Our management expertise can help any Association navigate troubled waters. For more information on our Association Management Services please contact our office at (808) 531-6847 or via email at info@cadmusproperties.com

Posted by: Cj Paet on March 24, 2016
Posted in: Uncategorized