Oceanside couple caught up in real-estate scam – CBS News 8 – San Diego, CA News Station – KFMB Channel 8
SAN DIEGO (NEWS 8) – A local family lost their entire life savings to scammers while they were in the process of buying a home after they unknowingly wired their money to a fraudulent escrow account.
Andrew Batson and Erika Urry were close to finally living in their dream home. The just needed to send their down payment. When Andrew received an email from the escrow company asking for a wire, he obliged.
“I did so that day thinking I was under pressure and we were supposed to close in that week,” said Andrew.
However, the next week, Andrew received a call from their real estate agent asking for the money because it was missing and was needed so they could close. It was at that moment when Andrew and Erika realized they had been scammed.
“I had to call Erika to let her know all the money was gone,” said Andrew.
Erika said she was in disbelief. “This is not real. It’s not gone. We can just go to the bank, say hey, we want that money back,” she said.
According to the couple, someone used the escrow company’s exact email to ask for the wire. It even included details only someone working on the sale of the home could know. It had all the names of the people involved in the transaction, the escrow officer, the real estate agent,” said Andrew.
Andrew called the Oceanside police and even the FBI, but it was too late. The couple’s $130,000 was gone.
“It is hard to comprehend how someone can even do this with a key stroke,” said Andrew.
In an effort to help others avoid the same scam, the couple wanted to share what they learned, like never feel pressured they can only send a wire.
“That is not a correct assertion by any escrow company. They can take any check of any size,” said Andrew.
Despite the financial blow, the couple was able to come up with the down payment, and they are not allowing the scam to ruin their dreams.
What should someone do if they believe they have fallen victim to a BEC/EAC scam?
According to the FBI, if funds are transferred to a fraudulent account, it is important to act quickly:
Andrew and Erika have set up a GoFundMe page for anyone wishing to help them out.
This content was originally published here.