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Real estate wire fraud is real. Learn how to be WireSafe.

Real Estate Professionals®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email.

A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds accordingly.

>> Learn how to be WireSafe

Discover what’s new and interesting in our backyard in the latest real estate news provided courtesy of the news desk.

The Sunshine State of Florida is the 3rd most populous in the United States. A major hub for tourism, as well as cargo and cruise activities, Florida features some of the most highly coveted coastal homes and dynamic properties in the world. Florida Closing Company is located in the oldest city in the U.S., St Augustine.

Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the Newsdesk.

The Latest Articles From the FNF Newsdesk:

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10 best low-risk investments in December 2023
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As COP28 Begins, New Studies Find Corporates And Investors Embracing Clean Energy, ESG
Click to save this article.You'll be asked to sign into your Forbes account.Got itNov 30, 2023,06:02pm EST As nearly 200 countries usher in the 2023 United Nations climate conference, knowns as...