Real Estate Scheme Costs a Couple Life Savings
Amy P. Fennell • January 2, 2018
Sources: KUTV.com
and CNN
A fraudster posing as a real estate agent sent a couple an email asking for cash. Now, the couple may lose their entire life's savings.
The Browns, anxious to move into their new home, received an email that appeared to be from their real estate agent and title company. The message asked them to wire the funds. "We were so eager to get everything done in a hurry so we could move," Anne Brown said.
The Browns went to their credit union and followed the instructions they received in the fraudulent e-mail. The transaction went unnoticed for a few days until the real title company asked the couple's real estate agent, Carrie Butterfield, why she had told the Browns the incorrect amount of the wire transfer. "My response was, I never told the Browns to send a wire," said Butterfield.
Police and the FBI are investigating where the wired cash went and if it can be recovered. "We see the view of our dream home slipping away," said Anne. But the couple is sharing the lesson they've learned. "We don't want it to happen to anybody else, if we can help in a way. So, we're willing to swallow our pride," Brown said.
NAR is sharing its latest consumer guide, Seller Handoff Checklist . Sellers can create a smooth transition for the new owners using the new one-page guide. It offers a handy checklist of information and resources that sellers can pass along—from appliance manuals to paint colors to garbage pickup schedules—as well as suggestions for goodwill gestures that will help buyers feel they made a great purchasing decision. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow up to two weeks for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Seller Handoff Checklist Defining Home Buying Needs vs. Wants 10 Tips For Unpacking Smartly After A Move UPDATED: Multiple Listing Services Overcoming Roadblocks to a Sale or Purchase Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their home buying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Check out the next consumer guide on condominium insurance.
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