New Scam Alert: AI Real Estate Fraud
People have many fears when it comes to artificial intelligence. We’ve all seen those sci-fi movies where robots go rogue like in iRobot or The Terminator. Then there’s the fear of AI taking our jobs. Sure, we love the idea of a robot doing our boring paperwork, but when it starts asking for a raise, we draw the line! Now, there’s a new fear people are finding out about. This is your new scam alert and PSA to look out for AI real estate fraud.
Udi Levi Story
AI real estate fraud is something new some residents in South Florida are dealing with that could start arising around the country. The scam is so elaborate, that it almost took Udi Levi’s life savings. Luckily, Levi smartened up when things started to get “weird”. However, there are others out there that were not as fortunate.
It all started when Levi’s father, who is a real estate broker, was contacted about the property in question which was a vacant lot located off Dixie Highway in Hallandale Beach. Udi’s father knew his son was interested in investing in real estate, so he forwarded the information to him so that he could take advantage of the deal. That’s when Levi got the first red flag. The seller, a woman claiming to be the owner, told Levi she only communicated through text due to hearing difficulties.
“I agreed to a call after she requested it,” said Josh Mor, the broker involved. “She provided two forms of ID that matched the property records.”
Feeling confident, Josh listed the land for $60,000. Udi, eager to seal the deal, made a cash offer of $52,000, which the seller accepted. It seemed to be a done deal, but their were some snags. Since the seller claimed they lived out of state, Florida Title & Trust required a Zoom meeting to confirm her identity before finalizing the sale.
Initially, the Zoom call appeared normal. However, things soon took a strange turn. While the woman resembled her identification photos, Mor started noticing something odd about the seller’s behavior. That’s when he started to ask questions.
“Can you raise your right hand if you can hear us?” Josh prompted.
That is when it quickly became apparent that they were dealing with an AI-generated image. According to WSVN, the real owner died, and her niece has been paying the taxes. The property was in fact, not for sale. Both Miami Dade Police and the Broward Sheriff’s Office confirmed this is the first known instance of AI being used for real estate fraud, signaling a concerning trend.
So look out everyone. They may not be killer robots, but AI could be plotting to take your savings. If you think a deal is too good to be true, it probably is.
Source: WSVN
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