Real estate fraud schemes
Real estate fraud schemes continue evolving, threatening even experienced property investors. These deceptive practices include foreclosure rescue scams targeting distressed homeowners, rental scams collecting deposits for nonexistent properties, and elaborate mortgage fraud involving falsified loan applications. Real estate fraud schemes employ identity theft, document forgery, and wire transfer interception to divert closing funds. Protection requires verifying all communications, researching thoroughly, working with reputable professionals, and maintaining healthy scepticism throughout transactions. Understanding these patterns helps investors recognise red flags before becoming victims. Read more about such scams.