Wire Fraud Epidemic January

According to data from the FBI, in 2016, $19 million in home closing funds were reported lost to wire fraud. In just the first nine months of 2017, nearly $1 billion in funds were diverted from real estate purchase transactions and wired to scammers.

Never act on wire instructions sent to you via email or text. If you suspect wire fraud with your transaction or have questions about wire procedures, contact your escrow closer immediately at a known and verified number.

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