How people are being cheated out of their new homes
The Decibel
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First Time Home Buyers - Is There a Pandemic of Fraud?
Hackers are impersonating real estate lawyers and convincing home buyers to send their down payments to a fraudulent account. A big part of it is that there is less stuff happening in person. "If you know there's going to be a bigger payoff, you're more willing to go through all of these steps," Sal says.
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