Yes, Santa Fe home buyers, wire fraud is real in real estate here. And it is a danger to homeowners too. Frankly, it is another form of both home invasion and a federal crime. You may think your bank is liable for your loss of money. Real estate wire fraud is different. It is frequently the consumer who usually has liability because they authorized the transaction.
Bottom line: It is important to engage a tech savvy Buyer Broker who can educate you every step of the way about real estate wire fraud. And if you are selling your home, it is critcal you receive the proceeds from the sale! If you are considering making a move and want to learn more or have questions, contact Emily Medvec for a brief consultation about your situation. Remember knowledge and prevention is less expensive than losing money to cyber criminals. Thank you for reading my blog. Emily Medvec