Short Answer
Protect yourself from real estate fraud by working with a licensed agent, using a reputable title company, never wiring funds without verbal confirmation, verifying all wire instructions by phone using a known number, watching for urgency tactics, and being skeptical of deals that seem too good to be true. Real estate fraud often targets the wire transfer phase of a transaction, so double-check every payment instruction before sending money.
Real estate fraud is a serious concern, particularly wire fraud targeting home buyers. The most common scam involves criminals intercepting email communications between you, your agent, and your title company, then sending fake wire instructions that direct your closing funds to their account. To protect yourself, never trust wire instructions sent by email alone. Always verify wire instructions by phone using a number you have independently confirmed, not a number from the email. Use a reputable title company recommended by your agent. Be wary of any last-minute changes to payment instructions or urgent requests to send money quickly. Watch for phishing emails that appear to be from your agent, lender, or title company. Enable two-factor authentication on your email accounts. Consider using a cashier's check instead of a wire for your closing funds if possible. If you suspect fraud, report it immediately to your bank, the title company, and the FBI's Internet Crime Complaint Center.
Bob's Advice
Redfin Senior Agent · AI Certified Agent
Wire fraud is real, and it is targeting real estate transactions. I have seen buyers almost lose their entire down payment to a fraudulent wire instruction. I take fraud prevention seriously with every client. I will never send wire instructions by email, and I will always walk you through the secure payment process step by step. If you ever receive a request for money that feels urgent or unexpected, stop and call me. I would rather you inconvenience me than lose your savings to a scammer.
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