Being Aware Of Wire Fraud

Important Information for all Buyers and Sellers

While digital technology has increased our awareness of the world around us, there is a downside as we all found out with Equifax’s latest hacking scandal.

If you are buying or selling a home, do not trust any wiring instructions received by email.

Always contact your real estate professional, escrow agent or title company if you receive any emails asking you to verify changes to your wiring instructions. And do not call the phone number on the possibly bogus email.

If you are a buyer, the surest way to protect yourself and your money is to go to your bank and get a cashier’s check for your down payment and hand it to your escrow agent.

 

If you are a seller, go to your escrow agent and pick up a check. They will also mail out a check to out-of-town sellers.