How to Avoid Costly Homebuyer Scams

Real estate experts will tell you that traditionally, August and September are the best time to buy a home. And scammers know that. Cybercriminals are targeting homebuyers and defrauding them with wire fraud scams during closing, and many victims don't realize it until it's too late. On this episode Ian Bednowitz joins us on the On Your Side podcast. He's the general manager with LifeLock and says cybercriminals are spoofing emails, posing as lenders, and then asking for bogus closing funds. He'll tell us what to look out for so you don't wind up giving your down payment away.