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Wire Fraud Prevention Notice Brokerage Name: Never trust wiring instructions via emailCriminals/hackers are targeting email accounts of various parties involved in real estate transactions (e.g.,.

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A scammer who runs a mortgage wire fraud might use an email address or phone number that looks like the one your real estate agent or lender uses. These emails and texts can look authentic and even contain personal information that only someone you know would have.

The notices serve to educate clients about electronic communication during the course of the transaction and warn clients about how to protect themselves against wire fraud. Further, the notices help real estate professionals avoid liability, should their clients become victims of wire fraud.

Preventing wire fraud essentially comes down to three things: Educating transaction participants about the threat of fraud and what to watch out for; Preventing fraudsters from accessing email and other communication-based accounts to obtain critical information about a transaction; and.

Wire fraud occurs when someone uses wire, radio, or television communications to defraud others. This can include sending false information in order to obtain money or property, or sending threats to harm another person. Wire fraud is punishable by up to 20 years in prison, and can result in a fine of up to $250,000.

Mortgage wire fraud is a type of real estate fraud where someone tricks you into sending your down payment or closing costs to them instead of the right person. The FBI reports that homeowners lost over $350 million in 2021 alone due to real estate fraud.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232