It seems like it should go without saying that before telling your bank to wire money to a title company for a real estate transaction, you should verify the source of the wiring instructions. Apparently, however, there are scammers who somehow send bogus wiring instructions to parties to such transactions. Otherwise, an email I received earlier this week from a title company wouldn’t contain this warning:
“Be aware! Online banking fraud is on the rise. If you receive an email containing wire transfer instructions that differ from what was provided, call your escrow officer to verify the information prior to sending funds.”
Oh well, just another scam. Be careful out there.
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