Housing & Realestate

Beware of Wire Fraud Schemes When Buying a Home

mortgage fraud chart

THE BOTTOM LINE

“Everyone involved in real estate transactions must also be aware of the potential losses as criminals phish for information and stalk home closings, hoping someone makes a mistake. If someone does mess up, it could cost your savings or retirement.

8/22/20 | Courtesy of Pacific Northwest Title

Buying a home is an exciting time. You’ve saved, found the perfect home, and planned the move. Now, the closing day for your home is just around the corner. The American Land Title Association wants to make sure your home purchase doesn’t get derailed by a dangerous threat that could keep you from getting the keys, painting walls, and decorating. Criminals have stolen money meant for the purchase of homes through malicious wire fraud schemes targeting consumers across the country. (READ FULL ARTICLE HERE)

SOURCE: Pacific Northwest Title