Lot’s of people know about the issues with Craig’s List and wiring or sending money to anyone you don’t know but now there is a new scam, a bigger scam. A scam where a buyer can lose his entire down payment if they aren’t careful. A buyer in Michigan received their HUD a few days before closing in an email that looked like it came from their REALTOR…the email gave the buyer instructions where they should send their down payment – all $48,000. of it .
This buyer was lucky that someone at the Bank caught what looked like a scam….DO NOT WIRE MONEY ANYWHERE, FOR ANY REASON WITHOUT CONFIRMING THE REQUEST!! What this report doesn’t discuss is what sites this Realtor is using and if they figured out where the breech of data was.
John Pace was just two days away from closing on his new house when he received the email.