Monday, June 26, 2017

Cyberscams and Real Estate

Watch the video below to learn more about how cyber crime is affecting Buyers, Sellers and Realtors during a home sale transaction.  While the video is focused on ensuring Realtors take precautions, it will also give you good ideas on what to watch for to ensure safety of your finances during the transaction. If you are in the process of buying or selling a home, be sure you, too, are taking precautions to ensure you aren't affected by a cyber scam.

Never trust wiring instructions sent via email - Cyber criminals are hacking email accounts and sending emails with fake wiring instructions.  Several title companies are now requiring clients to come to their offices to obtain the wiring instructions to ensure buyers and sellers receive the correct information to provide to their financial institute.

If you do receive email instructions for wiring funds, always call your escrow officer to ensure they sent the email.  Never wire money without double-checking that the wiring instructions are correct.

Click here: Cyber scams and Real Estate

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