Wire Fraud Continues To Be Very Active
By Leanne Smith, The Grit and Gratitude Agent
(Dirt Road Real Estate)
Honest people are honest people and hence why they continue to be victims of wire fraud. Currently during the first quarter of 2024, 1 out of 10 real estate transactions encountered wire fraud. Additionally, nearly half or 48% of the loans processed ($65 billion) were vulnerable to both wire and title fraud. (Source: Funding Shield)And the news continues to trend toward the negative side with wire fraud issues increasing over each quarter.Please as sellers and buyers follow the wire fraud advisory given by your title firm, your lender and your real estate agents if they are involved.Dirt Road Real Estate does not handle any funds. However, as a licensed local professional real estate agent, I do include a Wire Fraud Advisory in all my presentation packets. Additionally, the local title ...
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