reQuire Blog 3 Steps to Preventing Wire Fraud at Closing

As financial crimes go, wire fraud during real estate closings is probably the most despicable. Recently, a Colorado couple lost $272,000 in proceeds from the sale of their home that they planned to use to buy their new home. They not only lost the money, but the new home as well.According to the FBI's Internet Crime Complaint Center, complaints about wire fraud scams jumped 480 percent in 2016. The actual figure is believed to be much higher since crimes are not always reported. Here are three steps you can take to prevent becoming a victim.