Wire Fraud is a big concern in our industry. Over the past few years, hackers and criminals have found ways to deliver fake wiring instructions to home buyers in order to have them deliver those home buyer’s down payment directly to them.
If you receive any wiring instructions from anyone by any means during a real estate transaction, follow these tips to avoid wire fraud.
If you receive any suspicious emails, contact your Realtor right away so they can help verify the source. Be diligent and be safe. Wire Fraud is a serious concern that can cost you thousands of dollars.
This information is being provided by Norhill Realty for reference purposes only and is not intended to represent a standard best practice or the only approach to any particular issue. This information should not be construed as legal or business advice from or on behalf of Norhill Realty. Users should consult their own legal counsel if necessary to ensure that any actions taken meet your unique circumstance.