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Hacker gets 10 years for stealing $20M in home buyers’ down payments (arstechnica.com)

submitted 4 days ago by shoulderoforion@fedia.io to c/technology@lemmy.world

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Instead of celebrating a closing, some US home buyers lost everything.

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[–] Nougat@fedia.io 6 points 4 days ago (2 children)

How are these professionals not ultimately responsible in making the consumer, who seems to have done nothing wrong but trust state licensed companies and real estate individuals, whole?

You already have the answer:

... US title companies, real estate agents, and real estate attorneys.

"There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."

[–] TexMexBazooka@lemm.ee 10 points 4 days ago

That’s a great quote but not really applicable here

[–] AdamEatsAss@lemmy.world 5 points 4 days ago

I think when you agree to use a title company one of the things you have to sign says something along the lines of "you must check all details with us over the phone or in person. And you can't sue us."