Beware of Frauds and Scams

No where is fraud and scams more prevalent than in real estate transactions. A seller or buyer should always verify wiring instructions via the telephone call, that they make themselves, not one that is made to them, unless they are very familiar with that escrow or lender’s personnel, in other words, well enough to recognize a voice of someone they have met or talked to before. Why? Because it is easy to find out particulars on a transaction by hacking email and then to call that client posing as the escrow and giving them new wiring instructions, that will be almost the same, but just a little different. Be very careful and always follow up before you wire earnest money or down payment.