Here is a very interesting article on how hackers stole a home buyer’s down payment of $400,000.
According to the article, in 2016 consumers lost $19 million to wire fraud. However, the amount jumped to $969 million last year. Real estate agents need to warn their clients early and often about wire fraud as well as how to protect their money.
Here are four other posts I have done the past two years warning about wire fraud.
Could you be Sued Because Your Client was a Victim of Wire Fraud?