The Perfect Scam
The Perfect Scam
AARP
An Email Could Cost You Your Home: Mortgage Closing Scams
34 minutes Posted Feb 12, 2021 at 5:01 am.
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Every year mortgage closing scams cost homebuyers millions of dollars and, tragically, sometimes even their homes. These scams aren't new, but with the COVID-19 pandemic, there's been a rise in this type of fraud. We hear from Paul, who moved back to his hometown to care for his mother but finds that his life savings and his new home are in jeopardy because of a scam. We speak with experts and victims about how these schemes work, who's operating them, and what to look out for.