Special Notice: Title Companies
FRAUD ALERT – TITLE COMPANIES
Be advised that there is an alarming increase in the compromise of Realtor email affecting settlements. Payment information for closings is being altered or changed from what was originally documented. Specifically, the culprits are posing as a Realtor using hijacked email accounts and requesting “last minute changes” to payment instructions.
Standard Industry Safe Practice is to perform a call-back confirmation to the Realtor of record to ensure the updated request is legitimate. This simple step will help ensure funds are sent to and received by the legitimate party.