When you're buying or selling a home, the last thing you expect is to fall victim to a scam. But in today’s digital world, wire fraud has become a serious threat — and real estate transactions are a top target.

Wire fraud involves hackers tricking buyers or sellers into sending money to a fraudulent account by impersonating trusted parties like title companies, lenders, or real estate agents. If you're not cautious, your hard-earned money could disappear in an instant.

Let’s talk about how to keep your transaction safe and secure!

The Rise of Wire Fraud in Real Estate

Wire fraud isn't just a rare occurrence anymore — it's becoming increasingly common across the country. Criminals often hack into email accounts or spoof phone numbers to make it seem like they’re legitimate contacts from your transaction team.

For example, a scammer might send an email pretending to be your title company, asking you to wire your closing funds to a different account. Or they might call you, claiming there’s a last-minute change in wiring instructions.

Important tip: Never trust wiring instructions sent by email or phone without verifying them directly.

Smart Steps to Protect Yourself

Here’s how you can safeguard your transaction (and your wallet!):

• Always verify wiring instructions in person or by calling a verified number listed on official documents or the company's website — not the number in an email or text.
  

• If you get a phone call asking for sensitive information, hang up and call the title company's main office number yourself to confirm.
  

• Be suspicious of anyone calling from a "personal cell phone" claiming their office lines are down — it's a common trick scammers use.
  

• Discuss wire fraud upfront with your real estate agent so you know exactly what to expect during your transaction.
  

• Familiarize yourself with wire fraud warnings in your contracts, like the Wire Fraud Warning Form (RF308) and sections such as lines 522-526 of the Purchase and Sale Agreement.
  

Taking these steps can prevent a heartbreaking (and financially devastating) mistake.

Additional Signs of Wire Fraud Attempts

Scammers are sneaky. Here are a few warning signs that could signal a fraud attempt:

• Urgent or threatening language like "Act now or risk losing your home!"
  

• Small typos or differences in email addresses (like an extra letter or number)
  

• Last-minute changes to wiring instructions without official notice
  

• Requests to keep the transaction secret or not involve others
  

Always double-check anything that feels rushed, unusual, or suspicious!

What to Do If You Suspect Wire Fraud

If you think you might be a target of wire fraud:

• Stop everything immediately.
  

• Contact your title company, real estate agent, and your bank without delay.
  

• Report the incident to the FBI’s Internet Crime Complaint Center (IC3) at www.ic3.gov.
  

Acting quickly could make all the difference!

Final Thoughts: Stay Alert, Stay Protected

You don’t need to live in fear of wire fraud — but you do need to be informed. Knowledge is your best protection. Make sure you have clear conversations with your real estate team about how to verify any financial requests, and don't rush through any instructions without double-checking.

Real estate transactions are exciting milestones — let's keep them safe and stress-free!

Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, tax, or legal advice. We are not lawyers, financial advisors, accountants, loan officers, or mortgage brokers. Please consult with a qualified professional to understand your specific needs.