If you have dealt with a title company in recent years, you might have noticed a disclaimer in the email signature stating "Wire fraud is on the rise!"
You might dismiss this as fear-mongering but they are actually warning you about a very real threat. Scammers are targeting buyers getting ready to purchase a home by requesting a bogus payoff letter or requesting to help with the wire transfer.
Be wary of odd phone calls, password change requests or an email requesting account numbers. Title companies will always call to confirm wire instructions since electronic fraud is so prevalent.
If you have any questions regarding this or other lingo, email us [email protected]
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