Beware of Wire Fraud

There has been an increase in wire fraud throughout the real estate and financial industry. Scammers are targeting home buyers through email phishing schemes, where they disguise themselves as a title company or other related party to the home buying process. They will send the home buyers an email with fake wire instructions, asking that the money be sent as soon as possible to avoid delaying their closing. 

Below is an excellent video from Professional Title, on what to look out for and how to avoid becoming a victim of wire fraud. We highly recommend all customers watch this video.

The main takeaway from this video is, to always call the title company to verbally confirm the wire instructions, before sending any funds via wire. 


Video is courtesy of Professional Title Agency

Contemporary Mortgage Services, Inc

498 Palm Springs Drive Suite 220
Altamonte Springs, FL 32701