Wire Fraud in Real Estate

Sharing this article on Wire Fraud in the Real Estate Industry because it scares me to death and it is more than just cyber security.  Hackers are making COPY CAT emails – emails that look and feel like legitimate but perhaps one or several characters are different.  Hackers are sending these fake emails to clients with alternate wire instructions.  Meaning the client wires their hard-earned money to the scammer and not the title company.  They wait till the client is in the thick of – it the middle of deadlines to send the email – in hopes the client misses the fact the email is NOT from their actual Realtor or Escrow team.
A few idea on how to stay aware of Copy Cat Emails.
SAVE ALL CONTACTS into your data base with their name, phone and CORRECT EMAIL. When any new emails come in that are not coming from YOUR CONTACT LIST – double-check it.  CALL THEM!  In fact, always double-check your reply emails or start a new email from YOUR Contact List.
Remove or Question any NEW NAMES in the From or CC portion of the email.  KNOW AND SAVE ALL THE NAMES and contact info of all the various parties to YOUR Real Estate transaction.  Your Realtor, lender, title and escrow officers, assistants etc.
ONLY YOU CAN PREVENT WIRE FRAUD.  We as your agents DID NOT send you that email nor are we aware you received it.  I try to over communicate with all parties to know when money is being sent, how wire info is obtained and when it is received.  However these scammers are pretending to be us – and unless our clients are diligent they too can lose their hard-earned money.
Wire Fraud can happen at any time during the real estate process.  So be diligent and double-check any emails with verbal communication.  It if feels off – it is!  Listen to your gut.  Slow down.  Take the time to be present when responding to emails.  Hackers are feeding off our nonstop lives knowing we’ll miss the small details.  As hurried as any Real Estate transaction can feel – nothing is worth rushing through the most important transaction of your financial life.
The more you know – the more we can prevent wire fraud.

I read this article at: Realtor Magazine – WIRE FRAUD Article

Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654

Email |   Info@TheCatonTeam.com

 

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

The Caton Team Testimonials | The Caton Team Blog – The Real Estate Beat | TheCatonTeam.com | Facebook | Instagram | HomeSnap | Pintrest | LinkedIN Sabrina | LinkedIN Susan

Want Real Estate Info on the Go?  Download our FREE Real Estate App:  Mobile Real Estate by The Caton Team

Berkshire Hathaway HomeServices – Drysdale Properties

DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts.  Information is deemed reliable but not guaranteed. Third party information not verified.

Published by

Sabrina Caton - The Caton Team Realtors

Sabrina & Susan are native Californians - born and raised in the Silicon Valley with a passion for Residential Real Estate. A mother and daughter-in-law duo called - The Caton Team. With over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time. Call | Text at: 650-799-4333 | Email Info@TheCatonTeam.com The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true. The Peninsula is our backyard - let us help make it yours. We represent Buyer’s and Seller’s throughout the Bay Area. The Caton Team – Susan & Sabrina A Family of Realtors Effective. Efficient. Responsive. What can we do for you?

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.