Real Estate

Real estate fraud risk is on the rise, and victims are sounding the alarm

Purchasing a home is an exciting milestone in a person’s life, but criminals are increasingly exploiting such transactions through real estate fraud, robbing victims who are often left with little or no recourse.

CertifID’s 2024 State of Wire Fraud report released Tuesday found that 1 in 20 Americans who bought or sold a home within the past three years have been victims of some type of real estate fraud, with the median amount in consumer losses exceeding $70,000 as a result of stolen buyer’s down payments and seller’s net proceeds.

Real estate wire fraud is surging, and victims are calling for awareness and recourse as cybercriminals become increasingly cunning. (Justin Sullivan/Getty Images / Getty Images)

The wire fraud protection company warns fraudsters have become increasingly skilled at leveraging public

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