Cape Cod Property Nearly Stolen By Fraudsters Targeting Homeowners, I-Team Reports

CBS Boston

November 14, 2024

WEST YARMOUTH - The I-Team is uncovering another attempted land grab by thieves, weeks after they reported fraudsters were targeting real estate in Massachusetts.

The scam involves impersonating sellers, putting their property on the market and pocketing the cash. Recently, it almost happened again to a couple who owns land in West Yarmouth. The couple's son Philip told the I-Team the property was almost stolen right from under the family.

Philip only learned of the scam when a friend told him the beach access property was advertised for sale. Surprised and concerned, Philip called his parents. They said they were not selling the land but later learned it was listed for sale by a Rhode Island real estate broker. The price? Four hundred thousand dollars, much less than the estimated market value of $750,000.

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