Wire Fraud

Buying and selling a home is an exciting time, but there can be pitfalls for unsuspecting consumers. The American Land Title Association wants homeowners and sellers to be aware that criminals are using wire fraud schemes to steal money meant for home purchases or the proceeds from the sale of the property.

Buying and selling a home is an exciting time, but there can be pitfalls for unsuspecting consumers . The American Land Title Association wants homeowners and sellers to be aware that criminals are using wire fraud schemes to steal money meant for home purchases or the proceeds from the sale of the property.

ALTA's Information Security Committee developed this tool for members seeking best practices to verify outgoing wire information. The checklist is broken into three sections: provide the source of the wiring instructions, verify instructions received by email or from someone other than the payee, and verify delivery of wired funds.

The standard ALTA Rapid Response Plan for Wire Fraud Incidents has been developed by the ALTA Information Security Committee.

Mortgage closing scams are among the costliest forms of fraud targeting homebuyers. This rack card is designed to be shared with anyone preparing to purchase a home or included in the CPL packet.

Available in Several languages

Use this presentation to educate consumers about phishing emails and wire transfer fraud, including how to recognize red flags, verify requests and report fraud attempts to the FBI.

Fraudsters are impersonating property owners to illegally sell commercial or residential property. Sophisticated fraudsters are using the real property owner's Social Security and driver's license numbers in the transaction, as well as legitimate notary credentials, which may be applied without the notary's knowledge.