At Pride Abstract & Settlement Services, our wire fraud drill consists of three important steps:
If you receive an email or text with a change to the wiring instructions, do not reply. If you receive a phone call with wiring instructions, tell the caller you’re going to hang up to verify the information.
To make sure you have received a legitimate request, call a trusted phone number you have used before to contact the buyer, seller, agent, lender or escrow officer, or use a number written in the contract. DO NOT call a number listed in the email sent to you or use the number that called / texted you. There could be a fraudster on the other end of the line, ready to trick you into diverting funds into their account.
After calling a trusted number, talk to the person that the email, text or call was said to have come from. Verify that there has been a change to wiring instructions.
We’re committed to fighting wire fraud.
If you have any questions about how we fight wire fraud during the homesale process, feel free to reach out to Walt@PrideAbstract.com.