Wire Fraud: Understand and Avoid the Threat!
Imagine, you have worked hard and saved for a large down payment, you have found the perfect home, and now you are days away from closing. The transaction has progressed smoothly, and now you have been contacted by email from someone who appears to be your real estate agent to wire your closing funds to the attorney’s office for settlement. Because your real estate agent has guided you throughout the home buying process, and you have trusted in their guidance, you wire the funds just as they have advised in the email without question. What could go wrong? Wire Fraud!