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Real Estate Matters
Kim Clark serves as the Association Executive for the Silver City Regional Association of REALTORS®. She writes consumer columns to help local residents make sense of today’s housing market and stay alert to emerging scams. Kim works closely with local brokers and community partners to share clear, practical information that protects and empowers Grant County families.
- Category: Real Estate Matters
New Mexico homebuyers are being warned about a fast‑growing scam that's costing families across the country their life savings. Criminals are breaking into email accounts, watching real estate deals unfold, and then sending fake messages that trick buyers into wiring their closing funds to the wrong place. Once the money is sent, it's usually gone for good. These scams are happening more often, and New Mexicans have already been hit. In one recent Albuquerque case, a couple lost more than $200,000 after receiving what looked like a normal email from their title company. The message included "updated wiring instructions," but the email address was off by just one letter. By the time they realized something was wrong, the money had already been moved overseas. Similar stories have made headlines nationwide, including a Texas family who lost $123,000 after scammers copied their REALTOR®'s email, and a Colorado buyer who lost $80,000 after receiving a fake "urgent update" that looked completely real.
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