Friday Facts: Watch Out For This Closing Scam!

April 1, 2016
A WARNING TO BUYERS: CLOSING SCAM

 

  • Both the National Association of Realtors and the Federal Trade Commission have issued a warning to consumers about a mortgage closing phishing scam.

  • Scammers are hacking into the e-mail accounts of consumers and real estate professionals or Title Company. The hackers will then send an e-mail to the buyer and pose as the real estate professional or Title Company saying there’s been a last minute change to the wiring instructions for the funds for closing. The buyers will be instructed to send the funds to a different account – that of the scammers.

  • If you are buying a home and get an e-mail with money-wiring instructions, STOP.

E-mail is not a secure way to send financial information and your real estate professional or Title Company knows that.

Advertisements
This entry was posted in Friday Facts, Uncategorized and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s