This section is intended for Real Estate Agent use only. Not meant for consumer use.
WIRE FRAUD WARNING...
PLEASE READ THE MESSAGE BELOW BEFORE SENDING FUNDS:
Real Estate transactions are increasingly becoming a preferred target for fraudsters attempting to steal money. Their primary method is to email or call parties to a real estate transaction in which they pretend to be the Title Company or Real Estate Agent facilitating the sale or purchase. These emails/calls appear very authentic and buyers and sellers have fallen victim to fraudulent instructions to wire closing funds. It is critically important that all wire information be verified as a legitimate source before sending any funds. If you have any questions, please contact us about this or other ways to protect yourself.
IF YOU HAVE BEEN VICTIMIZED BY WIRE FRAUD, HERE IS WHAT THE FBI RECOMMENDS THAT YOU DO AS QUICKLY AS POSSIBLE:
WHEN SPEAKING TO LAW ENFORCEMENT, THEY WILL WANT TO KNOW:
For more information, visit www.ic3.gov
- The name and address of your bank
- Your account number
- The name & address of the bank where funds were sent
- The beneficiary’s name
- The beneficiary’s account number
- The correspondent bank (if applicable)
- Dates and amounts transferred
- IP and/or e-mail address of the fraudulent e-mail
Thieves are trying to get homebuyers to wire them money. This video tells you how it happens, and how to protect yourself.
Even when getting a loan, homebuyers often have to wire a deposit or other funds to complete the purchase. In the typical scam, you will get an email you think is from your real estate agent or someone else working on your purchase. It will say there is a problem with their bank account, or might resend the original wire instructions as a courtesy. In both cases, the email and wire instructions are phony. The email will look completely valid. Often the only hint it is phony is that the sender's email address is off by a single letter. So instead of Joe-Agent@realtor.com, it will be Joe-Agent@realtors.com.
Before sending any money, call the person you know should be receiving your funds, your agent, or the company closing the transaction, for example, at the number you know is valid. Never rely on the phone number in the email sending you the wire instructions. Use the number you got at the start of the transaction.
For other ways you can protect yourself, please visit our website. By taking these simple steps, you can help protect yourself and your money. After all, you wouldn't give a stranger on the street your life savings. So why give it to a stranger on the internet?