Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email.
A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds accordingly. Learn More about our Wiring Instructions >>
30-year US Treasury yield hits highest level in 19 years ...economy, including food prices and airfares. The benchmark 10-year yield, which influences mortgage rates, surged to 4.67%, its highest level in over a year. The United States isn’t alone –...