Comment by lolinder
8 months ago
We're talking about enough information to create a list of people who are in the process of making the largest purchase of their lives, coupled with the name of the businesses that they're considering sending money to and the exact dollar amounts that they're considering sending.
Scammers pay a lot of money to people who can get them those kinds of lists.
Except that's not how it works. You don't pay the mortgage company, you pay the seller.
In the U.S., you pay the title company which acts as or with an escrow company. The escrow company disperses funds to the correct companies once the proper paperwork and all conditions of the sale are met. This could include paying the mortgage company fees and prepaid interest or paying the seller.