People often spend a good portion of their lives saving up to buy a house of their own. That’s why real estate scams are so devastating to victims. Fake real estate agents take down payments or deposits from people trying to buy a home.

Scam trivia: Real Estate Fraud, the oldest scam
Scam trivia: Real Estate Fraud, the oldest scam

They are supposed to hold the money until the deal closes. However, when it comes time to sign the paperwork, the real estate agent is nowhere to be found and the victim’s money is gone.

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