Now It’s the Deepfakes. Protect Deeds and Accounts From AI-Generated Imposters

Real estate transactions involve large money transfers. Creative swindlers love those. And now, progress in artificial intelligence (AI) brings new opportunities for real estate fraud.

Shady actors are using real people’s voice or image samples to create recordings and persuade buyers and sellers to respond to questions with key information. Then the scammers hijack the target’s accounts. That’s right. A new breed of AI-powered wire fraud can manipulate familiar voices and grab online pictures to create whole recordings — just to get at people’s funds.

Remaining in the dark is not an option. To keep transactions safe, what do we need to know? 

Continue reading “Now It’s the Deepfakes. Protect Deeds and Accounts From AI-Generated Imposters”

Reverse Mortgage Scams? What Seniors Need to Know.

If you or someone you care about is 62+, you’ll know it’s important to avoid sketchy financial offers targeting older adults. But what about reverse mortgages?

From time to time, media outlets point to scams or high-pressure tactics involving reverse mortgages. And it’s true that reverse mortgages are designed for senior homeowners.

But are these loans deceptive? Let’s take a look.

Continue reading “Reverse Mortgage Scams? What Seniors Need to Know.”