Every year mortgage closing scams cost homebuyers millions of dollars and, tragically, sometimes even their homes. These scams aren’t new, but with the COVID-19 pandemic, there’s been a rise in this type of fraud. AARP talked with a recent homebuyer who moved back to his hometown to care for his mother but finds that his life savings and his new home are in jeopardy because of a scam. AARP also spoke with ALTA CEO Diane Tomb and Tom Cronkright, CEO of CertifID, about the anatomy of mortgage closing scams and how consumers can protect their money.

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