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Ep202 “Beware of Wire Fraud!”
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In 2024, wire fraud is becoming a more popular and dangerous way for homebuyers to be scammed out of a great deal of money in a very short amount of time! Today, we talk about what wire fraud is and how to avoid being a victim of wire fraud, should you decide to wire your funds to closing! TALKING POINTS (3-5):
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- Introduction
- What does it mean to wire money?
- What is wire fraud?
- What are some of the common ways wire fraud can occur?
- How can you prevent wire fraud?
- Don’t do it!
- If you do decide to do it, double and triple check the account numbers!
- One final note about wiring money
- Please know your banking institution’s practices with regards to wiring money before the day of closing!
- Final thoughts
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