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 […]

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 edge […]

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 […]