The FCC warned consumers that fraudsters, posing as mortgage lenders, exploit vulnerable homeowners by spoofing caller IDs and demanding unusual payment methods like mail-in money orders.
Scammers impersonating mortgage lenders have been known to gather detailed personal information about homeowners, including names and addresses, leading victims to believe they are legitimate.
The scheme, dubbed Green Mirage, has affected hundreds of thousands of consumers and could lead to dramatic losses, as many realize the fraud only when foreclosure starts.
In light of recent natural disasters, the FCC cautions that those in distress may be more susceptible to scams, emphasizing the need for vigilance against fraudulent calls.
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