Buyer BEWARE! Avoiding Scams & Fraud (Mindset)

Foreclosure Deals Coach Podcast

Today, we talk about the growing trend of real estate wire fraud, and what you can do to guard against it. We operate in an increasingly digital world, and as such, how we do business continues to evolve as new technologies develop. Although wire transfers are nothing new, the tactics scammers use to acquire your information and potentially gain access to your escrow funds have become more sophisticated. Establishing a solid relationship with the banking institution that will be handling your money can be a way for you to employ an extra set of eyes to note any strange escrow activity. However, by keeping a record of the conversations or correspondence you have with your title company or lawyer, you can avoid being tricked by nefarious 3rd parties trying to intercept your communication and reroute your funds to unaffiliated accounts. Listen as Donny gives you a few guidelines to follow when wiring funds, and make sure you're doing your part to protect your money!
Mentioned in today's episode:
Propstream
Here's a link to the article Donny discussed in today's episode:
How One Family's Nightmare Illustrates The Growing Threat Of Real Estate Wire Fraud
We're offering a FREE 7-Day Trial of the PropStream software when you sign up through the Foreclosure Deals Coach affiliate link. Go to dealhunter.io to sign up and be confident in analyzing your next deal!
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