How to Protect Yourself From Real Estate Wire Fraud

Let’s talk about something that sounds like it happens to other people, until it happens to you. Wire fraud is one of those things most buyers never expect, yet when it does occur, it can derail everything in a matter of minutes.

Imagine you’re just a few days away from closing escrow on your new home. The boxes are packed, the paint colors are chosen, and you’ve already figured out exactly where the sofa and chairs will go. You can see your life unfolding in that space, and everything feels exciting, real, and finally within reach.

Then, you get a notification. An email arrives with “updated” wiring instructions. It looks legitimate, it feels urgent, and you wire the money.

Just like that, it’s gone. There is no house, no funds, and no do-over.

I’m not sharing this to alarm you. I’m sharing this because protecting your money is part of my responsibility as your agent. This type of scam is becoming more sophisticated every year, and the only way to stop it is to understand exactly how it works before you’re in that moment.

How wire fraud works in real life. Criminals and hackers spend their time impersonating the real people involved in your transaction. They hack or “spoof” emails to make them look exactly like they are coming from your agent, your lender, or your escrow and title company.

They send wiring instructions that look perfectly normal. They use the same logo, the same tone, the same font, and even the same signature. It looks 100% legit. The only real difference? The bank account number belongs to them. Once that wire is sent, the money moves fast, and recovering it is extremely difficult.

Why homebuyers and sellers are targets. Buyers get hit most often right before closing because that is when large sums of money move quickly. However, sellers aren’t immune either. Fraudsters also try to redirect proceeds from a sale, intercept emails about payoff instructions, or pose as attorneys and escrow officers.

The bottom line: If money is moving, scammers are lurking.

The golden rule. There is one rule I repeat often because it matters that much: never trust wiring instructions by email alone.

Not once. Not ever. Not even if the email looks like it came from someone you completely trust.

Email is not secure enough to confirm wiring instructions. It is too easy to spoof, too easy to replicate, and too easy to manipulate.

Your safety checklist before wiring funds. Before you hit “send” on any wire transfer, run through these steps:

• Call escrow. Speak with your escrow officer directly by phone.
• Use known numbers. Use a verified phone number you’ve used since the start of the deal.
• Confirm details. Verbally verify the exact amount, the account number, and the routing number.
• Ignore the pressure. You should feel zero pressure to rush. If someone is pushing you to send money immediately without verification, that is a red flag.

If any box on this list is unchecked, pause, call, and verify.

Buying or selling a home should be an exciting milestone, not a scene from a crime drama. The good news is that wire fraud is completely preventable when you have the right team watching your back.

Ready for a secure move? Don’t leave your life savings to chance. If you want a real estate partner who prioritizes your financial security from day one to the final signature, let’s talk.

Contact our team today at (818) 903-5854 or email me at tammyjerome@gmail.com to ensure your next transaction is safe, smooth, and successful.