What is Wire Fraud

What is Wire Fraud

Real Estate wire fraud is increasing at a drastic and alarming rate and can happen to anyone. It is something that all home buyers should be aware of and watch out for throughout your home buying experience. In 2018 alone, the FBI reports that over 11,000  people were victims of wire fraud in the real estate and rental sector alone with a whopping $150 million. This figure is a 17% increase from 2017 and continues to rise. We’ll discuss the ins and outs of real estate wire fraud and how you can prevent it from happening to you.