In recent years, the FBI reports a 42% increase in the number of real estate crimes as scammers specifically target home sellers and buyers. “Real estate fraud is one of the fastest-growing cyber scams across the country,” FBI Special Agent Siobhan Johnson told ABC News in Chicago.
With the amount of money involved in a home sale, is it any wonder? Wire transfer scams could send your money to the wrong account, never to be seen again. As the demand for convenient all-cash home buying services continues to rise, so does the number of home buying scams.