One of the most ambitious things of every person or a family is to have their own house, and they spend a good proportion of their life’s earning on that. Due to that, real state frauds are dreadful to the sufferers. FBI has reported that they have received 11,300 complaints on real estate fraud with more than US$ 149 million in losses in 2018.
Fake real estate agents say that they hold the money until the deal is done and disappear afterward with the money. It is reported that people do not file complaints about these types of scams due to embarrassment.