Protect Yourself and Your Assets
Buying a home is a huge financial decision, and it's crucial to be aware of potential risks and scams. Wire fraud is one of the worst crimes out there, and it comes with some pretty devastating consequences. However, if you know what to look for, it's easy to spot the red flags.
Want to stay protected during a transaction? Let Amore Real Estate help you navigate the entire buying process from start to finish. Your safety is our top concern, and we're here to answer any questions you might have.
What is Wire Fraud?
If you're unfamiliar with wire fraud, you're not alone. In the world of real estate, this scam involves someone posing as an agent or lender and requesting large amounts of money via a wire transfer, which is often how buyers pay for their home at closing.
It's almost impossible to reverse a wire transfer, and it's hard to know if you've lost your money before it's too late. Recent FBI investigations estimate that over $1 billion dollars has been stolen via real estate wire fraud in the last few years, but there are still ways to protect yourself.
What to Watch Out For
Buy Your New Home With Confidence
Searching for the right agent to help you tackle all aspects of the buying process? Finding your dream home shouldn't be a scary process, and that's why Amore Real Estate is here to keep you safe every step of the way. For more info on wire transfers and potential real estate scams, feel free to drop us a line. We're always available via phone or email!