According to recent research and analysis by Homeppl, there has been a staggering 263% increase in the value of fraudulent tenant applications in just three months, severely impacting real estate agents and landlords.
The tenant due diligence and guarantee firm uncovered the true scale of recent fraud. In the first quarter of this year alone, Homeppl’s unique fraud detection tests identified that 2% of all tenant applications were fraudulent, with the value of these applications reaching three and a half times higher than the values from Q4 last year.
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