This is a new scourge that worries the public authorities and can cause the people concerned to lose considerable sums of money. For several weeks, the Banque de France has noted an increase in scams involving false offers of real estate credit and loan buyouts. In a press release published this Wednesday, September 4, the institution warns the public against these fraudulent practices that lead to a risk of significant losses for the victims. But what exactly is it? We explain the principle of these scams.
These scams are based in their vast majority on the usurpation of the identity of brokers and credit institutions authorized to operate in France. In concrete terms, the scammers pretend to be brokers and try to attract people who are planning to take out a mortgage. To achieve this, they use fake advertisements posted on social networks or use a fake online credit comparison tool to retrieve the victims’ contact details.
The scammers then approach the victims by telephone, in order to offer them to take out a mortgage at particularly attractive rates. To establish their credibility and reassure the victims, these thieves use falsified official documents, with the logos of establishments authorized to grant credit in France as their headers. They also use domain names resembling those of the establishments or authorized brokers. (…)
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