Real estate transactions are an attractive deal for cyber criminals. One targeted, fraudulent email can cause an unwitting consumer to redirect a high-dollar real estate payment to a scammer. Here are a few ways to protect yourself from real estate scams.
- Beware of suspicious emails. Real estate scammers spoof legitimate sources, like your title company, mortgage lender, and even your own real estate agent. It’s a good idea to confirm the instructions regarding any financial aspect of your transaction by using contact information you know is legitimate.
- Beware of suspicious phone calls. Scammers are able to spoof phone numbers that appear to be from a trusted partner in your real estate transaction. If you receive an unusual call with financial instructions, call back using the contact information you know is accurate to confirm details.
- Try to talk in person. With all of the ways scammers are targeting consumers, sometimes in person conversations are the surest ways to confirm where your money should go.
- Don’t be afraid to talk to your REALTOR®. Your REALTOR® is committed to helping you through your transaction, and will do what it takes to make sure you’re comfortable during your real estate transaction.