With Florida currently in a home-buying frenzy, on Tuesday, state Attorney General Ashley Moody encouraged Floridians to be vigilant against real estate scams.

“Buying a house is widely considered a major component of the American Dream; however, it can quickly turn into a nightmare for consumers who fall for nefarious plots and lose hard-earned dollars. By guarding against fraud, consumers can safely navigate the process,” Moody’s office noted.

“Buying a home is often the largest and most important purchase a person makes. So, it’s important to ensure scammers don’t take advantage of the situation to turn a dream purchase into a financial nightmare. I encourage all Floridians looking to buy a home to be on guard against scammers trying to exploit Florida’s hot real estate market,” Moody said on Tuesday.

Common real estate scams include escrow wire fraud, rental scams, loan-flipping scams and foreclosure relief scams.

ESCROW WIRE FRAUD: Escrow wire fraud is where scammers pose as representatives from a title or escrow company to contact a new homebuyer with instructions for escrow money transfer. If the consumer follows the instructions of the scammers, and wires in the escrow money, the scammers can withdraw that money and disappear. To avoid falling into this trap, consumers should always check the original documents received from the lender directly and call the phone numbers listed on the document to…

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