Real Estate Bank Wire Fraud: Careful Sending Earnest Money Deposits and Home Purchase Funds
Scammers are tricking people in escrow out of enormous payments. CBNC reports that wire fraud schemes are increasingly targeting homebuyers. Buyers are tricked into wiring their deposits, down payment or full cash purchase funds on the day of closing to a fake offshore account. Criminals have tricked, spoofed or co-opted escrow or the real estate agent’s email …