What is wire fraud and how does it occur? Criminals target real estate transactions by gaining access to electronic communications or by sending emails that appear to be from a real estate agent, a title company, a lender, or another seemingly trusted source directing you to wire funds to a fraudulent account. Once you wire those funds to that fraudulent account – your money is gone!
Protect yourself from wire fraud? Do Not send personal information, such as bank account numbers or other financial information, via email or to other unsecured electronic communication sources.
If you receive any electronic communication regarding wiring instructions, even if the communication appears to come from a legitimate source, verify the communication’s authenticity prior to transferring the funds, in person or via phone call, by speaking directly to the Title Company Representative provided to you by your trusted Real Estate Agent.
As your trusted Real Estate Agent, I will always provide you with the Title Company and Representatives Contact Information.
If you think you are being targeted in a wire fraud scam, immediately notify law enforcement, your lender, the title company, and your agent.
Your Financial Safety is extremely important to me!
