Alert: Mortgage Phishing Scam

scam dreamstime_s_32842317NNRMLS was recently notified by NAR that the Federal Trade Commission has issued an alert on their blog about real estate-related phishing scams. Hackers have been breaking into some consumers’ and real estate professionals’ email accounts to get information about upcoming real estate transactions. The scammer learns the closing date on a transaction and then sends an email (disguised as the agent) to the buyer, asking for a last-minute change instructing the buyer to wire closing costs to a different bank account (which belongs to the scammer). Read the full FTC post here, which has ideas to help you avoid phishing scams.

Learn more about protecting yourself from phishing and what to do if your email is hacked. If you gave your information to a scammer, visit IdentityTheft.gov.

NAR: Protect Your Listings From Rental Scams

how to protect your property listings from rental scams video screengrab

The National Association of REALTORS’ Risk Management Committee published a 5-minute video called “Protect Your Listings From Rental Scams, (click here: http://www.realtor.org/videos/how-to-protect-your-property-listings-from-rental-scams, which outlines online strategies to monitor your listings and where they are posted. If you are concerned about your property listings being scraped or highjacked and posted on rental websites this video is worth five minutes of your time.