Pay attention to detail. When receiving an email from a title company, closing attorney, real estate agent, or lender, pay close attention to the sender's email address. Often, fraudsters will change only one letter from the real email address, making it easy to miss with a quick glance. Be aware of any emails notifying you that the wiring instructions for the title company or attorney have changed. Instructions rarely change last-minute, and if they do, your attorney or title company should notify you by phone. Double check wiring information. Before making the final transfer, ensure that the wiring information is correct for whomever is receiving the funds. Again, verify this information verbally with someone who you know and trust. Confirm instructions verbally. Always verify wiring instructions verbally, whether on the phone or face-to-face. You should receive this confirmation from someone you trust and have been working with throughout the home-buying process, such as your real estate agent, attorney or loan officer. Play it safe. The best way to avoid wire fraud risks is paying for your down payment and closing costs with a certified check. If you ever have any questions or hesitations about your wiring transfer or any suspect email, let us know!
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