this post was submitted on 11 Nov 2024
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159
Hacker gets 10 years for stealing $20M in home buyers’ down payments (arstechnica.com)
submitted 4 days ago by [email protected] to c/[email protected]
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Instead of celebrating a closing, some US home buyers lost everything.

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[–] [email protected] 3 points 4 days ago

Oof. I can’t imagine how devastating it would be to lose a down payment. Many people, especially first time home buyers, are throwing every spare bit of savings, and need to borrow money from friends and family, for that payment.