Homebuying season can be open season for scams. Don't get caught.
Here's how it works: First, a scammer hacks into your email account and your real estate professional's to find out about your closing. Then, pretending to be the real estate professional, the scammer sends you email with revised instructions for wiring over your closing costs. If you follow the instructions, the money will go straight to the scammer's bank account.
Four tips from the FTC can help you avoid this and similar phishing schemes:
For details on closing your home loan, visit My Home by Freddie MacSM.
Learn what to do if your email account is hacked.
Think you've been phished? Report it to the FTC.
Follow this series to be ready in time for the homebuying season.
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