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Also, protect your cash from these common scams in 2024.
Wire Fraud
One common key in of real estate fraud is wire fraud.
In this case, fraudsters intercept and steal money that is transferred from your bank during real estate transactions.
Note that these errors may be quite minor, so wear your reading glasses.
They may also transfer property ownership to someone other than the rightful owner using false identification and falsified documentation.
We are living in a digitized world, and municipalities have digitized their property records, Vyshnevska said.
Phantom Properties
Yet another common scam homebuyers face today is known as phantom properties.
This scam, too, can be avoided.
Also, do not hand over money until after you have toured the property.
If thevendor or landlordrefuses, avoid it.
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