PORTLAND, Ore. (KOIN) — A local family reached out to KOIN 6 News after they lost tens of thousands of dollars in a mortgage scam.
Hector Guerra and his wife thought they were buying their dream home in Southeast Portland to be near their daughters and grandkids.
Hector wired the $147,000 down payment on the closing date but the bank wiring instructions they were emailed turned out to be bogus.
“I got wiring instructions from a fake email and everything. I read the information on the email, everything looked legit to me and I didn’t hesitate to place the order for a wire,” he said.
But the family was lucky. Hector’s bank flagged the wire transfer and he learned on Thursday that he got all but $185 back and is still buying the house.
To protect yourself if you’re getting a new mortgage, be sure to call your escrow officer to verify the wiring instructions. Verify that you’re really talking to the escrow officer and not a scammer who emailed a bogus number.
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