Real estate and mortgage fraud scams are on the rise, posing significant financial risks to victims. Key points include:

-FTC has issued over $20 million in refunds to consumers who fell for home-flipping scams in recent months.
-Scammers use tactics such as fake property postings, deceptive mortgage relief schemes, and fraudulent wiring information to target buyers and sellers.
-Experts emphasize the importance of caution at every step of a mortgage transaction to avoid falling victim to these scams.

Overall, buyers and sellers are urged to be vigilant and skeptical of any promises of easy money in the real estate market to protect themselves from falling prey to fraudsters.

You can read this full article at: https://papersourceonline.com/real-estate-scams-are-on-the-rise-heres-what-to-look-out-for/(subscription required)

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