Protect Your Money From Closing Scams When Buying a Home
Hackers try to steal your money by emailing fake wire instructions. Criminals will use a similar email address and steal a logo and other info to make it look like the email came from your attorney, real estate agent, or title company. You can protect yourself and your money by following these steps:
Be Vigilant
- Call, don’t email: Confirm your wiring instructions by phone using a known number before transferring funds. Don’t use phone numbers or links from an email.
- Be suspicious: Your title company will NEVER change their bank account or wiring instructions during your transaction.
Protect Your Money
- Confirm everything: Ask your bank to confirm the name on the account before sending a wire.
- Verify immediately: Call the title company
What to Do If You’ve Been Targeted
- Immediately call your bank and ask them to issue a recall notice for your wire.
- Report the crime to www.IC3.gov.
- Call your regional FBI office and police.
- Detecting that you sent money to the wrong account within 24 hours is the best chance of recovering your money.
For more information about the home closing process, visit FigTitle.com or HomeClosing101.org
This is for informational purposes only and should not be considered legal advice.
