08/28/2025
FRAUD ALERT: IMPERSONATION SCAM
Fraudsters are once again targeting the real estate industry by impersonating as legitimate businesses, including title agencies, banks, law firms and other trusted entities. Their method is by creating fake websites, domain names and bank accounts.
The scammers identify a property and pose as the owner. They contact a real estate agent or broker to list the property for sale. Once a buyer is found, the scammers orchestrate a closing process that seems legit. They buyer is instructed to send earnest money to the fake title agency as the escrow agent. The scammers will even provide a fake title commitment to further the scam.
Be vigilant and do your research before listing a property or assisting a prospective Buyer. Trust your real estate partners to assist and help with any uncertainties or questions you may have.