Beware of Wire Fraud
The scourges of real estate closings are identity theft and wire fraud. Millions of dollars have been stolen by fraudsters who have hacked the email accounts of a trusted advisor. The fraudster impersonates the trusted advisor on an email, attaches bogus wiring instructions and tells the homebuyer to wire their money to the fraudster’s account.
Wire fraud is a serious risk and all parties must work diligently to prevent it. The most secure method to deliver wiring instructions is to do so in person. We typically confirm the Seller’s wiring instructions with the Seller at closing.
For Sellers who are unable to attend closing, we use a secure portal to confirm your identity and provide our wiring instructions. We also use the secure portal to provide wiring instructions to homebuyers prior to closing.