So, you’re buying or selling a home right? You need to keep your money safe. More than ever - cyber criminals are getting involved and stealing buyer, seller and even real estate agent funds. Take the quiz to learn how to play it S-A-F-E.
Imagine you’re ready to buy or sell your home and you never get to the finish line. Wire fraud is costing consumers $2.7 billion annually. Simply put, wire fraud is when a thief intercepts and steals funds involved in your real estate transaction.
More than ever, hackers are stealing buyer, seller and even real estate agent funds. Anyone can be a target and the thieves are constantly finding new methods.
Hackers have many methods to insert themselves into your transaction to commit fraud.
They often begin the wire fraud process by sending a malicious link in an email and pretend to be the real estate agent or title company.
There are steps you can take to minimize the risk of having money stolen. Be careful using a phone number from an email (even if it looks like it came from us). Don’t wire money without calling us to confirm instructions. Always call the number from our website before and after sending money, and enable 2-step authentication in your email to thwart hackers.