Real Estate Cash Buyer WIre Fraud Higher Risk

Money.com – I Almost Lost $50,000 to a Real Estate Scam

“These spoofed emails are not the typical scam emails with misspellings and typos,” says Andy White, CEO of ClosingLock, which helps title companies ward off wire fraud. “These are targeted, well-crafted spoofed emails that look like they are from the title or escrow company or attorney office. When there are hundreds of thousands or millions of dollars on the line, you can bet the fraudsters will take a little time to make these emails look legit.”

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