Posted 9/22/2023, 10:32:00 AM

Beware of Rise in Seller Impersonation Scams When Buying a Home

Seller impersonation fraud is on the rise as scammers pose as property owners to try to sell homes they don't actually own.
Scammers find vacant properties, identify the owners through public records, then list the properties for below market value to attract buyers.
Buyers should purchase title insurance, meet sellers in person, and be wary of all-cash deals to avoid being scammed.
Homeowners can protect themselves by signing up for free property monitoring services to be alerted of any suspected fraud.
Education and awareness of this scam is critical so consumers know what to watch out for and how to protect themselves.

fortune.com

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