Scammers are stealing down payments via wire fraud and getting more clever every day. Be sure you don’t fall victim to wire fraud by following these three steps.
- Pay attention to how wire instructions are sent. It is best to only accept instructions that are secure and encrypted.
- Before wiring funds to an individual or company, call to verify the wire instructions independently with the title company.
- Be very watchful of any changes. Wire instructions rarely change. If you receive an email saying that any wiring instructions have changed, call your REALTOR or title company immediately to confirm.