COVID-19 a potentially severe respiratory illness caused by a coronavirus and characterized by fever, coughing, and shortness of breath. COVID-19 is having an impact on many things in our everyday lives. Unfortunately, COVID-19 has provided increased opportunities to those looking to commit real estate fraud.
While most citizens are pulling together and remaining distant to combat and get through this pandemic, there are criminals seeing it as an opportunity to commit fraud. There have been reports of fake emails, texts, robocalls, spamming, and phishing related to COVID-19. This can include real estate wire fraud.
Did you know that wire fraud is one of the largest cybercrimes in the United States with more than 9,000 victims? Florida National Title is finding ways to help avoid fraudulent transactions from taking place while many government agencies are closed due to the COVID-19 pandemic. We recommend you peruse through these fraud protection tips to help prevent falling victim to real estate wire fraud.
If you receive a suspicious email or text asking you to wire something, delete it. If you receive a phone call, hang up with the caller. If you think the request was legitimate, call a trusted person you have contacted before or call back the number that called or text you to verify if the request was legitimate. Be careful if someone answers asking you to wire funds again. By following these tips and verifying information, you can do your part to stop wire frauds and allow funds to wind up in the hands of cybercriminals.
Criminals are skilled in seeking out weaknesses to carry out their crimes. Because many government offices have been ordered to close, this has created an opportunity for those who wish to commit real estate fraud.
Florida National Title monitors the title on a property from contract through the closing. If suspicious activity is detected, we will alert you immediately. We follow best practices in securing the safety of wire transfers, a recurring security issue in this era of sophisticated criminal hackers. You can have confidence knowing your real estate transactions are safe with us as we are always on the lookout against illegal activity.
Florida National Title Services
We are a title company you can trust to defend against real estate fraud. Florida National Title Services works under the supervision of attorneys Michele Lewis and Richard S. Weinstein, experienced real estate attorneys. They work to ensure the title of the home you desire is clear and marketable and that title insurance policies are properly issued.
Florida National Title Services provides expert title services. When you are renting, we can help with every step of the way. Florida National Title has years of experience guiding Florida homebuyers through the real estate purchase and refinance experience and have helped them solve the problems that come up in the process. We will decipher the “legalese” and explain what we need and why we need it each step of the way. The blogs to follow will address specific issues to guide buyers to understand the process better and to help them avoid many of the pitfalls. Call us at (561) 408-0729 or visit our website.
Florida National Title Services, LLC
250 S. Central Blvd., Suite 101
Jupiter, Florida 33458
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