Buyer Suffers Wire Transfer Fraud Loss, Not Escrow Company

July 18, 2023

A buyer bore the loss when she fell for the trap of phishing wire transfer instructions and wired the purchase money to a fraudster and not the escrow company, the Nevada Court of Appeals held. Read on to learn why this ruling is helpful to the title and settlement industry.

Please Log In to View

Contact ALTA at 202-296-3671 or [email protected].