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Beware of Property Auction Scams Targeting Expats

Beware of property auction scams in Italy targeting expats. Learn how to identify fraudulent listings and protect your investments effectively.

At Magic Towns, our mission is to simplify relocation and investment for expats and retirees in Italy. The real estate market has recently become a hotbed for property auction scams, particularly targeting unsuspecting expats. This article sheds light on a new type of fraud involving fake property auctions, to help potential expats stay vigilant. The Emergence of Fake Auction Scams Recent reports have uncovered a growing scam in expat communities on social media platforms, primarily Facebook. Scammers posing as made-up individuals, named “Lawrence Regyn” and “Margherita Lorenzi” among others, are advertising highly attractive properties at unrealistically low auction bids. These…

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