Top Real Estate Articles of the Week!

Richard Maize,Investment,Professional,Banker,Philanthropist,businessman,finance,financial,trustworthy,entrepreneur,adviser,sustainable,fund,real estate A lot of changes have occurred this week in finance and real estate! So to keep you up to date here are my top picks for articles of the week! Los Angeles real estate continues to be on the rise, but how long can it last? The Hamptons sees a real estate slow down  The 20 hottest U.S. markets for real estate investing in 2017 Which countries have the highest and lowest taxes on residential real estate? Harry Macklowe on New York real estate There you have it! Be sure to check back next week for more updates! I do the hard work so you don’t have to....
Scammers are Posing as Real Estate Agents to Con Buyers

Scammers are Posing as Real Estate Agents to Con Buyers

Technology has made the real estate search easier than ever, but it has also made it easier for scammers posing as real estate agents to run away with your money. The scam goes like this: you’re looking for a home or are even close to purchasing one and you receive an email from “your” real estate agent asking you to urgently wire a deposit in order to secure the property. A variation on the scam comes in the form of an email from your title company, just a few days before closing, asking you to wire money to a legitimate financial institution. In both cases, there is a scammer on the other end of the email chain. Scammers find their targets by hacking into your actual real estate professionals’ email when they access free public Wi-Fi or mistakenly follow a link to click-bait designed to steal their passwords. Alternatively, hackers can access your email in this manner, too. Then they search the inbox for any emails related to real estate transactions and draft fake but professional-looking emails that contain wiring instructions. These emails may come from your real estate agent, title representative, or attorney. If you do end up wiring the money, you likely will not see it again. To avoid the scam, you should speak with your real estate agent when you first establish your relationship about how and when you might be expected to transfer money. If you receive an email requesting that you wire money, call your real estate agent to verify whether he or she was the actual sender, but be sure to use the...