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DJ Golf
Joined: 11/28/2004
Posts: 9,388
Likes: 5,639
DJ Golf
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Very common scam in real estate. Never ever ever wire funds in response

to an email, it's 100% a scam. The closing attorney's wiring instructions will NEVER change. Most attorneys I know will not wire seller proceeds either, as I have heard of scams where people impersonate the owner of a property and try to sell it (some of these fake transactions have even "closed.") Link below - NC Real Estate Commission bulletin on wire fraud (I work in real estate in NC.)
Link: wire fraud in real estate
Posted: 12/30/2024 at 01:21 PM ET
(In response to this post by PhotoHokieNC)

Thread Replies (20)

Full Thread →
Lawyers and home buyers - here’s a scary one:
PhotoHokieNC • 12/30/24 08:40 AM ET
Damn...Glad I bought (and SOLD) my last houses last year!**
HOKIERIT • 12/30/24 08:07 PM ET
Very common scam in real estate. Never ever ever wire funds in response ◄
DJ Golf • 12/30/24 01:21 PM ET
Have you heard of anyone recovering funds that were scammed?
PhotoHokieNC • 12/30/24 04:34 PM ET
It’s possible if the money is still in the US banking system
DJ Golf • 12/30/24 05:18 PM ET
BTW I have also heard of real estate firms being sued by their clients
DJ Golf • 12/30/24 05:39 PM ET
Thank you, DJ. **
PhotoHokieNC • 12/30/24 03:01 PM ET
True story ... (I'm about to tell)
Will StewartAdmin • 12/30/24 12:54 PM ET
Damn Will.. You must have been unable to draw a breath!! Glad it all worked**
HOKIERIT • 12/30/24 08:10 PM ET
Holy crap. That is wild.**
DJ Golf • 12/30/24 05:41 PM ET
Yikes **
PhotoHokieNC • 12/30/24 03:08 PM ET
Possibly insurance coverage for this. Depends on the scope of endorsements
RhinoVT • 12/30/24 09:39 AM ET
I imagine it would have to do with whether or not the lawyer was involved
Vienna_Hokie • 12/30/24 10:33 AM ET
Yes, they’re looking at Cyber Insurance the last we heard.**
PhotoHokieNC • 12/30/24 10:17 AM ET
Very unlikely.**
Stork • 12/30/24 09:48 AM ET
Mostly commercial but seeping into HO coverages. Now a certain good
RhinoVT • 12/30/24 10:12 AM ET
Yup. That’s a much more common commercial endorsement as businesses engage
Stork • 12/30/24 10:25 AM ET
Here’s State Farm’s discussion.
Stork • 12/30/24 10:29 AM ET
just sold a property last week. Never clicked on a link until I verified
Vienna_Hokie • 12/30/24 09:36 AM ET
I had a friend lose $1,000,000 this way. Very well run wire fraud. They
dolph • 12/30/24 09:04 AM ET
Follow protocols - all I got**
TomTurkey • 12/30/24 09:01 AM ET