Mortgage fraud. It’s a topic that needs to be discussed – and discussed often. Placer Title Company knows a house is one of the biggest purchases people make in their lives (unless they win the lottery – fingers crossed). It should be a celebratory time, but bad actors are always trying to spoil the party.
Wire fraud continues to be a top concern for the real estate industry. That sentence won’t surprise you – unless you’ve been living under a very large rock the last couple of years. Technology that has helped streamline and simplify the transaction process has been great. Unfortunately, technology has also aided the rise of criminals who are getting smarter and more sophisticated when It comes to wire transfer fraud originating on the internet.