Earnest money scams
Real estate and title agencies are being warned about a new fraud scheme in which email bandits target consumers who are in the process of purchasing a home. In this scheme, the attackers intercept emails from title agencies providing wire transfer information for borrowers to transmit earnest money for an upcoming transaction.
Earnest money scams scam appears to be somewhat similar to the email hacking scheme that came to light earlier this fx chart eur usd that targeted real estate agents. While in the reported instances, a customer was induced earnest money scams misdirect their own funds, an altered email could conceivably be used to cause misdirection of funds by any party in the transaction, including the title agent themselves.
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Fraud Alert! Beware of E-mail Scheme Involving Earnest Money | Diamond & LeSueur, PC
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