There are steps you can take to help protect yourself.
Wire fraud is real and home buyers and sellers are the biggest targets. For this reason, we have developed the WireSafe program to help educate customerson wire fraud. Be WireSafe by following these 4 steps every time.
- CALL, DON’T EMAIL
Confirm all wiring instructions, including specific banking information, by phone before transferring funds. Use the phone number for your closing agent/escrow officer provided on their website or from a business card. Never rely on phone numbers in email communications.
- BE SUSPICIOUS
It’s not common for title companies to change wiring instructions and payment information.
- CONFIRM EVERYTHING
Ask your bank to confirm the account number and the name on the account before sending any wire.
- VERIFY IMMEDIATELY
Call your closing agent/escrow officer to confirm the funds were received.
Remember to inquire before you wire. Be WireSafe.
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