Buying and selling a home is an exciting time, but there can be pitfalls for unsuspecting consumers.
Beware of these types of scams that are currently targeting real estate transactions across the nation:
- Email hacking – Although Freedom Title sends your personal information via encrypted email, it may not be safe from hackers once it is in your inbox, depending on your level of security. Other parties in the transaction may not be using encrypted email. Hackers can monitor your transaction and swoop in at the right time to steal your personal information or your funds by replacing the Freedom Title bank account information with their own account.
- Impersonation of title company – We have seen instances wherein cybercriminals create fake email addresses that look similar to a Freedom employee and even copy our signature line with logo. Emails from Freedom Title will only come from the freedomtitletx.com domain (or kfstitle.com if you are closing with our Lewisville fee attorney office). We have also heard of cases of phone call impersonations. Be sure that you are communicating with the intended person.
- Fraudulent Wiring Instructions – To ensure you have not received fraudulent wiring instructions, call us at a number shown on this website to confirm bank information PRIOR TO SENDING YOUR FUNDS. Our wiring instructions do not change. We are not responsible for any wires sent by you to an incorrect bank account.
- When receiving funds from Freedom Title via wire, it is best to NOT send your bank account information via email. They could be replaced by a cybercriminal in transit to us. Provide your information in person at your closing appointment.
For more information, please watch the videos below.
Protect Your Money from Wire Fraud Schemes When Buying a Home.
Wire Fraud Alert for Buyers
NAR General Counsel Katie Johnson has made a video to help educate buyers about how to avoid being caught up in a wire fraud scam during their purchase of a residence.
Learn how to protect your clients and your firm from the latest scheme that cybercriminals are using to target real estate transactions.