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Why Isn’t Real Estate Wire Fraud Insured?

Wire fraud has been in the news a lot lately, but if you’re a little bit hazy on the details, you’re not alone. Most people have heard of wire fraud before, but fewer understand what it is and why it’s becoming increasingly common. Below, we answer some common questions asked about wire fraud and wire…

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How to Prevent Fraud During the Holidays

It’s a busy time of year for everyone, including scammers. Unfortunately, the season of giving has also become a popular season for taking, with holiday scammers preying on online shoppers frantic to get that hit toy that’s sold out everywhere or to place their orders before shipping deadlines. Here are some tips from the FBI…

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Real Estate Wire Fraud: Who Is Liable?

It’s a simple question with no easy answer: who is liable for real estate wire fraud? In a perfect world, it would be the criminal responsible for the fraud who would pay restitution, but in many cases, these criminals are never caught or are located overseas—and even if they are caught, it doesn’t resolve the…

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Real Estate Wire Fraud Statistics

Real estate wire fraud is growing leaps and bounds in recent years, with seemingly no end in sight. No one thinks they’ll be a victim of wire fraud, but criminals are becoming increasingly savvy in their schemes, using technology to spoof phone numbers and emails and preying on the fact that most homebuyers are on…

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How to Avoid Wire Fraud in Real Estate

Real estate wire fraud is becoming increasingly common throughout the United States. Data from the Federal Trade Commission shows an 1100 percent increase in mortgage-related wire fraud from 2015 to 2017. Even savvy consumers fall prey to these scams, so it’s important for everyone involved in the property transfer process to be aware of the…

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