Real Estate Wire Fraud

We’ve all received strange emails beckoning us to wire large sums of money halfway around the world. Recalling those laugh-inducing messages may lead you to believe that falling for a fraud scam is a near impossibility. Unfortunately, real estate wire fraud is far more advanced and can result in a home buyer losing hundreds of thousands of dollars. Below are some important tips to help you avoid today’s ever-sophisticated real estate wire fraud traps.

real estate wire fraud infographic

Above all else, ensure you discuss wire instructions securely. We recommend doing this over the phone. If you encounter any questionable activity, like changing wire instructions, call your title company immediately.

Do you have additional wire transfer tips to recommend? Join the conversation in the comments section below.