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After going through all the steps to buy a home, making your down payment should feel like a light at the end of the tunnel. Unfortunately, it’s no time to let your guard down.
Fraudsters go to great lengths to trick homebuyers into sending funds through a wire transfer. These wire transfers appear in the form of a legitimate-looking email, often with personal information. If you’re suspicious of an email, confirm the digital communication with your REALTOR and escrow officer, acting immediately if you suspect you’ve received a fraudulent email by calling your title company and your bank’s fraud department.
– Tom Davis, Pioneer Title Agency