Buying a home? Watch out for mortgage closing scams


We’ve been alerted to continued reports of mortgage
closing scams. According to reports, scammers target the homebuyers nearing their
closing date and use email to pose as real estate professionals and/or settlement
agents and get the consumer to transfer closing funds to an account controlled
by the scammer. 

This post was originally published on the Consumer Finance Protection Bureau's blog. Link: http://www.consumerfinance.gov/about-us/blog/buying-home-watch-out-mortgage-closing-scams/ Author:

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