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Inflation And The Housing Market | Bankrate
Following last month's increase - the largest since October 2022 - the February 2023 Consumer Price Index (CPI) dropped slightly, renewing hope that inflationary forces might temper moving forward. According to the latest seasonally adjusted...
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The U.S. Secret Service has recently observed a sharp increase in reports of real estate fraud associated with vacant and unencumbered property. Criminals are impersonating real property owners and negotiating the sale of properties that are vacant or lien free.
Searches public records to identify real estate that is free of mortgage or other liens and identifies the property owner. These properties often include vacant lots or rental properties.
Poses as the property owner, then contacts the real estate agent to list the targeted property for sale and requests it to be listed below current market value to generate immediate interest.
Demonstrates preference for a cash buyer, and quickly accepts an offer.
Refuses to sign closing documents in person and requests a remote notary signing.
Impersonates the notary and provides falsified documents to the title company or closing attorney.
Receives closing proceeds that the title company or closing attorney has unwittingly transferred to the criminal.
You don't want to wait until it's too late to learn how to be Wiresafe. Click on the link below to read more on how to protect yourself from wire fraud.
