Without realizing it, Brown had fallen victim to a real estate con that has grown more common as communication for business transactions increasingly move online.
The FBI calls this sophisticated scam “business email compromise,” or BEC.
Homebuyers and sellers should look for red flags among the large influx of emails and other correspondence around a home’s closing.
I’ve worked two jobs just to afford this house.”Advances in technology have increased the risk of real estate fraud, according to CertifID.
Joan Rogers, a real estate agent in Portland, Oregon, has been taking extra precautions with buyers and sellers.
Persons:
Cullen Brown, Brown, He’d, ” Brown, ”, Michael Chapple, “, it’s, hadn’t, ” Tirthani, I’ve, Tyler Adams, Tirthani, CertifID, don’t, Joan Rogers, didn’t, Rogers doesn’t, Adams, Rogers, ” Rogers, Cliff Steinhauer, ” Steinhauer, “ Don’t
Organizations:
CNN, FBI, University of Notre Dame, CertifID, Getty, National Cybersecurity Alliance
Locations:
Chicago, Nashville, scammers, Portland , Oregon