And yes, they affect both homeowners *and* renters.
As if finding a home wasn’t stressful enough, it seems that “71% of the value of fraud in the UK was property related, with an estimated £216 million lost.”, who also shares that “Google trend data shows that searches for “property scam” have risen by 909% in the last month.”So, we thought we’d dig into the most common property fraud crimes in the UK with him.
“The scammer changes the title deeds of the property into their name and can then apply for loans using your home as collateral,” Malnick says. Malnick says that especially in the case of holiday homes, “Villas and apartments are advertised on sites like Facebook and eBay using photos taken from legitimate estate agent websites, and then the scammer will ask for a deposit before you’re able to go and see the property.““Do a reverse image search to see if the photos have been used elsewhere,” he suggests.
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