Wire Fraud

Wire fraud is when scammers try to trick you into sending your money to them instead of where it really belongs. In real estate, this often happens when you’re about to close on a house. The scammer might send fake wiring instructions that look like they came from your agent, lender, or title company. If you follow those instructions, your funds could end up in the hands of the fraudster—and it’s usually very hard to get that money back.

To protect yourself, always confirm wiring instructions in person or over the phone using a trusted number you already have…not one from an email. Be cautious if you get a last-minute change to payment details, or if something feels rushed or unusual. Never click on links or open attachments from unexpected emails. Before sending any money, double-check with your real estate or title professional directly. A quick phone call can save you from a costly mistake.

A house representing a first time home buyer's dream homeA wire fraud scammer on a cell phone

Wire Fraud is serious, and it's hard to reverse.

Title
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A combination of all the elements that constitute the highest legal right to own, possess, use, control, enjoy, and dispose of real estate or an inheritable right or interest therein.

Mortgage
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A temporary conditional pledge of property to a creditor as security for the payment of a debt that may be canceled by payment.

Title Insurance
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Insurance that protects purchasers of real estate and lenders against loss from liens, encumbrances or defects in the title to the property.

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