An Email Could Cost You Your Home: Mortgage Closing Scams

Published: Feb. 12, 2021, 5:01 a.m.

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Every year mortgage closing scams cost homebuyers millions of dollars and, tragically, sometimes\\u202feven\\u202ftheir homes. These\\xa0scams aren\\u2019t new, but with\\u202fthe COVID-19 pandemic, there\\u2019s been\\u202fa rise in this type of fraud. We hear from Paul, who moved back to his hometown to care for his mother\\xa0but finds\\xa0that\\xa0his life savings and his new home\\xa0are\\xa0in jeopardy because of a scam. We speak with experts and victims\\xa0about\\xa0how these\\xa0schemes\\xa0work, who\\u2019s operating them,\\xa0and what to look out for.

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