Beware of Emails Wire Fraud Alert in Real Estate Transaction
Wire fraud has been occurring in our state of California as well. Great blog written by Hannah. Be sure to view her video blog as well.
Lauren Selinsky
There are many email scams going around these days . Perhaps your local TV station had a broadcast about wire fraud in Real Estate Transactions .I know mine did . I also heard about one from my Title Company that a person posing as an attorney a sent an Email saying to wire the proceeds to a different account . There are buyers who are told to wire their funds to bogus account . Everything in this email look authentic . Everything usually happens near the end of a transaction . My local MLS has sent out warnings . Once this money has been sent unfortunately the sender will most likely never see their money again .Many have lost their life savings .
Wire Fraud and Real Estate let's talk about this . Wire fraud occurs when one party convinces another party to wire money based on false pretenses. How does this happen in Real Estate ? Criminals hack into emails of either buyers , sellers ,or Realtors emails . They look for dates of closings . The hacker will go to great lengths to make this email look authentic . They want to trick you . Then they send a very convincing email with information they have gathered from emails with instructions to wire the funds .
These emails are very sophisticated and very hard to detect on line even by the best of us . The best advice is never wire money this way without confirmation . Always call your agent and confirm the instructions . Call whoever is in charge . The person receiving the money on the other end .
You will never regret taking the extra time to verify the information. Always call on secure phone line to verify the information before wiring any money . Just remember once this money gets into the wrong hands the sender will most likely never see it again Don't be a victim make that call . You will be glad you did .
Buyers and Sellers be aware we are dealing with sophisticated criminals
looking to buy or sell your home please call me
Re/Max Eastern
215 953 8800
215 953 8818
cell anytime 215 820 3376
HannahRemax@GMail.Com
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