Home for sale in Fort Lauderdale and how to prevent fraud in closing

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How to prevent fraud in a home sale closing



Finally, when you do get your final numbers, call your closing company and confirm that the wiring instructions you received are the correct ones.
In the latest scam, fraudsters will hack into your real estate or title agent’s unsecured email account by either guessing the simple password or buying it from the black market.
However, it will contain false wiring instructions that have you send your funds to their account and not the closing agent’s.
If this is not feasible, insist on using a closing company that uses secure, encrypted email.
Visit your closing company and get the wiring instructions in person.
I am buying a new home, and the closing company told me that I could not use a certified check for the money I’m paying at closing.

Source: Florida Realtors

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