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Some Practical Tips for Avoiding Wire Fraud on Real Estate Transactions

by admin

Did you know that wire fraud involving real estate transactions increased significantly in 2017? Hackers duped homebuyers out of close to a billion dollars in the U.S., and they continue to do so. One common tactic they use is to hack into a real estate professional’s computer to find messages related to real estate transactions. Then they use this information to send spoof emails to homebuyers to get them to wire funds to their accounts. The email will appear as if it was sent from the real estate agent, title representative or attorney. This informative article from REALTOR® Magazine has six tips to help keep your real estate transactions secure.

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