Key Fraud Awareness Tips for Home Buyers and Sellers

As you begin the process of buying or selling a home, it's essential to stay alert to potential fraud risks that can arise during the transaction. Familiarize yourself with common scams, such as wire fraud, where criminals may pose as real estate agents or title companies to misdirect your funds, and title fraud, which involves the use of forged documents to illegally transfer property ownership.

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Make it a priority to verify the identities and credentials of all parties involved in your transaction, including agents, lenders, and title companies. Additionally, use secure communication methods, such as encrypted emails or secure messaging apps, to safeguard your sensitive information from potential breaches. Always confirm wire transfer instructions directly with the intended recipient using a known phone number.

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Conduct thorough research on properties through trusted sources, such as official listings and public records, to verify ownership and any potential liens. By taking these proactive measures and remaining vigilant, you can approach the real estate process with increased confidence and security, ensuring a smoother and safer transaction.