Impersonation scams are getting more challenging to spot. Thieves are better at spoofing companies and government agencies than ever. Tap or click here for details of a recent scheme where crooks impersonated IRS agents.
Losing a few bucks to a scammer is one thing. But imagine losing your entire home! That’s about the worst-case scenario possible. Unfortunately, scammers are now targeting your home; if you’re not careful, you could fall into their trap.
These schemes saw an uptick in cases reported during the financial crisis in 2008. Now, there’s been a sudden resurgence of this nasty plot, and it’s taken on a dangerous new tone. Keep reading for all the tricky details.
Here’s the backstory
How have home title scammers changed their game over the last decade? If you’re not careful, you may accidentally sign your entire deed away without even realizing it.
According to the Better Business Bureau (BBB), these scams are skyrocketing across the U.S. Here’s how they work.
Say you’re behind on your mortgage payments, and an alleged foreclosure specialist reaches out to you. The person seems trustworthy and has a plan to help you keep your home.
In some cases, the “specialist” offers to modify your mortgage and lower payments. To get the ball rolling, you need to sign some legal documents. This is where the real danger begins.
If you don’t read the documents carefully, or if you allow the thief to fill in documents after you’ve signed, you may well sign…
