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How do I avoid wire fraud scams and make transactions safely?

  • Thread starter Thread starter /u/xLionhea12tx
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/u/xLionhea12tx

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Hello. I'm a potential first-time homebuyer. I'm watching these YouTube videos on couples who have lost over $100k or even $800k to wire fraud schemes. And each one is such a sad and scary situation.

How can I be sure the money I wire will be received by the bank entrusted by the title company?

I'd like to think I'm pretty savvy with computers and technology. I know to spot/avoid fake emails with spelling and grammatical issues. I'm aware of phone number spoofing. It's crazy how anyone can impersonate a trusted bank/authority/escrow officer in the caller ID.

Please give me and other potential homebuyers any important information or tips you have either anecdotally or from personal experience.

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How do I avoid wire fraud scams and make transactions safely?
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