Good Lifestyle

To buy a house is generally the greatest number of expenses that people face in their lifetime. From a deposit to the monthly mortgage, there is a lot money moved during the process. And payments never really stop accumulating. You must also constantly consider the costs associated with things such as public service bills, maintenance and repairs. So the last thing you need is to realize that you have been the victim of one of the owner's many scams.

The Federal Bureau of Investigation (FBI) found that people were losing $ 10.3 billion Online crooks in 2022 only. And one of the most profitable areas of exploitation for these criminals is the real estate sector. Last year, the FBI has issued a warning to owners on a recent point of real estate scams. But what exactly would you have to look for? Read the rest to find out more about four major owners' scams that the agency advised people to pay attention.

Read this then: The FBI issues a new warning on the latest scams designed to "steal your money"

Fraud by real estate thread falls under the Compromise by commercial e-mail (Beak) Umbrella, who, according to the FBI, is "one of the most financially financially damaging crimes". With this scam, the crooks target the owners who make large transfers of wire for various real estate transactions.

"Often, criminals present themselves as parties to the transaction and communicate directly with the other parties to steal funds intended to pay real estate," said the FBI in a 2022 report .

Scholars generally strike when people seek to pay a deposit over a new house. This makes fraud by real estate thread a type of unique scam of beak due to how Lots of damage that this can cause, according to the FBI.

"Several times, the buyer uses the product of a house sale to finance a new purchase of a house, or even the buyer's life savings," said the agency. "The loss of these funds is potentially catastrophic for victims and their families."

You don't need to be buying a new house to get you hit with annoying tips. You could find yourself at the reception of someone who promises to repair your home under fraudulent pretexts at any time. According to the FBI, home repair scams are one of the Most common diagrams targeting the elderly.

"Criminals appear in person and accuse the owners in advance for the domiciliary renovation services they never provide," said the agency.

Cam Dowski , A real estate tycoon and founder of webuyhouseschicago.co, tells Better life that house repair patterns are particularly annoying because they can "leave owners with dangerous living conditions" or expensive repairs to repair any damage potentially caused by poor quality work.

"This scam can be easy to die for because crooks often use high pressure sales tactics and offer services at a very low price," explains Dowski. "The owners should be careful of anyone who offers to work without a license or appropriate insurance, or who requests payment in advance."

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False promises to repair houses can also appear as a fraud plan in the event of a natural disaster. In January 2023, the FBI helped carry accusations A fraudulent entrepreneur who had been accused of having scammed the owners of approximately $ 2.5 million in rescue funds in the event of a disaster in the aftermath of Hurricane Sandy. AE0FCC31AE342FD3A1346EBB1F342FCB

"For almost four years, this entrepreneur would have promised the families he will repair their homes, but rather used money in the event of a disaster to buy exotic sports cars and goods in another" "state" " Anne T. Donelly , Said the County Prosecutor of Nassau, in a press release.

But crooks can also try Take donations for false charitable organizations or commit insurance fraud after a natural disaster - which could end up "retrieve people whose houses have been damaged", according to the FBI.

Dowski says that owners often experience financial loss or identity theft accordingly. "Scholars often target people affected by disasters, as they can be more willing to give money if necessary," he explains. "The owners should be wary of any unsolicited request for donations and should look for charities and rescue organizations before making a donation. They can also check with the Sage Giving Alliance du Better Business Bureau to ensure that 'Organization is legitimate. "

Maintaining high costs associated with the possession of a house is difficult for most people, and over time, some can end up losing their house because of this. Unfortunately, the crooks are more than ready to try to "attack the despair of the owners who are confronted with a foreclosure", according to Dowski.

In 2018, the FBI sent an alert Warning that mortgage fraud increases as real estate prices increase. The modification of loans is one of the growing concerns targeting the owners in difficulty who may find it difficult to follow their expensive mortgage payments.

"The crooks will offer to modify or refinance their mortgage at a very low rate, but they will charge costs in advance," warns Dowski. "However, criminals do not provide any real help and can even encourage owners to sign the title of their home."