Home Business this mortgage scam is more common than ransomware attacks :: WRAL.com

this mortgage scam is more common than ransomware attacks :: WRAL.com

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Offer accepted!

The house was about to be the Henkel family’s new home, just as soon as they closed the deal.

“I was at the point where I was being asked to, well, I thought I was being asked to wire the funds,” said Brendan Henkel.

He had emailed his legitimate title company that morning, but somehow, a scammer hijacked the exchange, sending 23 back and forth emails. One even included a note of congratulations. The emails also included the legitimate name and signature from his title company contact.

“Not only did they send me, you know, the cash to close amount that I was supposed to send, and they sent me wiring instructions, but they also sent me my actual closing disclosures that the title company had in their possession,” said Henkel.

That disclosure detailed everything from his loan amount to his interest rate.

“$49,400 was the amount we needed for cash to close,” said Henkel.

So he…

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