With Florida currently in a home-buying frenzy, on Tuesday, state Attorney General Ashley Moody encouraged Floridians to be vigilant against real estate scams.
“Buying a house is widely considered a major component of the American Dream; however, it can quickly turn into a nightmare for consumers who fall for nefarious plots and lose hard-earned dollars. By guarding against fraud, consumers can safely navigate the process,” Moody’s office noted.
“Buying a home is often the largest and most important purchase a person makes. So, it’s important to ensure scammers don’t take advantage of the situation to turn a dream purchase into a financial nightmare. I encourage all Floridians looking to buy a home to be on guard against scammers trying to exploit Florida’s hot real estate market,” Moody said on Tuesday.
Common real estate scams include escrow wire fraud, rental scams, loan-flipping…