The Monroe County, Pennsylvania Office of the District Attorney is warning citizens of a scam targeting homebuyers with pending purchases in Monroe County, Pennsylvania.
In this scam, dubbed the “Man in the Email” scam by the FBI, unwitting buyers are duped into wiring the closing costs and down payment to an out-of-state bank account when they receive closing instructions from their realtor or title company. In reality, the email was sent by someone who had hacked into the email account of the realtor or title agent, and the instructions are bogus – directing the homebuyer to wire the funds to a bank account under the control of the scammers.
Although this press release was local to Pennsylvania, this scam is happening across the country and being directed and all parties that wire funds into escrow accounts – homebuyers and lenders. Continue Reading…
