Laurie and Rich Ramelow, switching from California to Texas, fell victim to a scam where a fraudster impersonated their escrow officer, resulting in a loss of $63,000.
The timing was right, and the fraudster knew the address and all the parties involved, making this scam particularly insidious for the Ramelows.
Before their experience in Texas, the Ramelows recalled their previous home purchase as a quick and easy process without the complications of escrow or multiple parties.
Feeling rushed to finalize the deal, the Ramelows liquidated their retirement funds to recover their financial loss, impacting their future security.
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