Login | Sign Up
TechSideline

All Hokie, All the Time. Period. Presented by First Bank & Trust Company

The Lounge
◀ ▶
DJ Golf
Joined: 11/28/2004
Posts: 9,388
Likes: 5,639
DJ Golf
Subscriber

BTW I have also heard of real estate firms being sued by their clients

and being held liable when brokers received fraudulent emails and thought they were real & forwarded them to the client, causing the client to lose money. So those of us in the biz have to be careful too. Wire fraud warnings appear in all the standard contracts now too. But it still happens.
Posted: 12/30/2024 at 05:39 PM ET
(In response to this post by DJ Golf)

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