Buying Or Selling a House? Here’s How to Avoid Fraud Scams

The FBI reported there were nearly $150 million in real estate fraud losses last year, Americans—and the industry pros who serve them—need to step up their game in the cybersecurity department. Most of these losses occurred due to a hacked email account or too-much publicly available data, allowing the perpetrators to gain valuable information for them to commit fraud during one of the most stressful and expensive times in a person’s life. Adam’s advice includes voice verifying wiring instructions, “Before sending a wire transfer, call the recipient to verify account information.  If you have any doubt, call the sender of an email to verify that they sent it to you, especially if it requests that you do something unusual or that you forward sensitive information.”