We are dedicated to protecting you from the rising threats in today’s real estate market, and unfortunately, these scams are becoming more and more sophisticated. Following the overwhelming response to our recent article on deed fraud, we are turning our attention to two equally concerning challenges: wire fraud and rental scams. These evolving threats demand awareness, vigilance, and proactive measures to secure your investments and transactions. Stay a Step Ahead of Wire Fraud Wire fraud has become a notable issue in real estate, with losses skyrocketing over the past five years. In 2024 alone, criminals stole an astounding $2.9 billion by manipulating electronic fund transfers during real estate transactions. These sophisticated scammers target critical moments, such as right before closing, using tactics like AI- driven impersonation and compromised email accounts to redirect funds to fraudulent destinations. When Scammers Strike The Alarming Rise of Wire Fraud and Rental Scams and What You Can Do
Imagine sending tens or even hundreds of thousands of dollars, believing you are closing on your dream home, only to find that the money has vanished into an offshore account. Sadly, this exact scenario has happened to many unsuspecting buyers, with recovery often impossible once the funds are transferred. The best defense against wire fraud is meticulous verification. Never trust last-minute changes to wire instructions sent via email. Always confirm transfer details directly with your title company or agent by calling a number you have previously verified. Remember, acting quickly and thoroughly can make all the difference. Understand the Growing Risk of Rental Scams Rental scams are another growing threat, targeting both property owners and tenants. Fraudsters create fake listings on popular platforms like Airbnb and Zillow, often using stolen or falsified information. They collect deposits and rent from unsuspecting tenants while the real property owners remain unaware that their property is being misrepresented online. Protecting yourself from these schemes requires proactive measures. Property owners should build strong relationships with neighbors who can keep an eye on their properties. Also, watermarking property photos can prevent unauthorized pictures from being used to trick others, while setting up Google Alerts for your property address can help you catch fraudulent listings as soon as they are posted. Your Ally in Real Estate Protection Your safety and livelihood are our top priorities. While these scams may be difficult to catch, with the right precautions and expert guidance, you can navigate the real estate market with confidence. Should you suspect fraud or have questions, reach out to us. We are here to provide the expertise and support you need to safeguard your real estate investments.
–Dennis and Lisa Jones
How to Make Gardening a Family Adventure GREEN THUMBS IN TRAINING
There’s nothing better than spending time with your kids outside, enjoying an entertaining, creative, and informative activity. But sometimes, these activities are hard to coordinate. Thankfully, gardening appeals to parents and kids from all walks of life. All you need is a dedicated area in your yard or patio and seeds, and you’re ready to get started. Let your kids choose the plants. This is arguably the most crucial part of igniting your children’s interest in gardening. If you pick out the fruits, veggies, and flowers you want to grow and invite your kids to help plant, water, and pick, they may lose interest quickly. Instead, include them in the process from the get-go. Take them to the store and let them pick out seeds or plants. Encourage them to choose produce they already enjoy
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Dennis & Lisa Jones
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