South Tampa Real Estate Report

South Tampa Real Estate Market Report | 07/09/23 - 07/15/23

In the past, I've cautioned you to be aware of wire fraud, business email compromise scams and other nefarious activities criminals are using to steal your assets. You can now add "seller impersonation fraud" to the list. It's exactly what it sounds like...scammers impersonate sellers, engage real estate professionals to sell a property on the cheap (typically for cash), then run off with the money at closing leaving the true property owner and the poor buyer in quite a mess. Read more on how seller impersonation fraud works and, more importantly, how to prevent it in this brief article from ALTA. Have a great week!

Michael Palermo

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