🚨🏡 Homeowners, beware: Romance scams are no longer just stealing savings, they’re targeting home equity.
One Utah homeowner lost nearly $850,000 after being manipulated by a scammer she met online. What started as friendly messages evolved into a fake relationship, bogus investment opportunities, and ultimately loans secured against her nearly paid-off home.
Unfortunately, these scams are becoming more sophisticated, often using stolen photos, fake financial accounts, and even AI-generated video to gain trust.
⚠️ Red flags to watch for:
• Someone professes love very quickly
• Requests for money or investments
• Excuses for not meeting in person
• Pressure to keep financial matters private
• Requests involving wire transfers or cryptocurrency
Your home's equity is one of your most valuable assets. Before taking out loans, wiring money, or making investment decisions involving someone you've only met online, talk with a trusted family member, financial advisor, or real estate professional.
Share this post it could help protect someone you know.
#Homeownership #ScamAlert #RomanceScam #HomeEquity #ConsumerProtection #RealEstateTips #FinancialSafety #Homeowners #FraudPrevention
Check out the full article👇️
https://www.realtor.com/news/first-person/romance-scam-crypto-investment-fraud-anola-johnson/?cid=eml__1946:66e221571a4446d4e6969d41:rm202606081030_Marketing_Consumer_Daily_EditorialRSSDynamic&deeplinkIdentityId=589ce411-bc81-42d5-aaa4-8755cd5cfdaf
