WIRE FRAUD CAR FORMS ARE NOW OUT>

78 Replies

All of our properties are out of state. We have dealt, primarily with two title companies. The first wire for both we called to verify the information before sending. Those 2 title companies' wire information is now stored in my bank wire info. I still double and triple check the numbers before each wire. It's a sad world we live in when you literally need to spend 30 minutes on each wire, just to keep the greedy thieves away from your money. But always better safe than sorry.

Originally posted by @Tina Pauley :

All of our properties are out of state. We have dealt, primarily with two title companies. The first wire for both we called to verify the information before sending. Those 2 title companies' wire information is now stored in my bank wire info. I still double and triple check the numbers before each wire. It's a sad world we live in when you literally need to spend 30 minutes on each wire, just to keep the greedy thieves away from your money. But always better safe than sorry.

YUP  its our standard procedure on any new title company or closing attorney or vendor we are wiring to.. we do anywhere from 2 to 20 wires a week.. and we got hit once.. we did not lose the money we caught it before the wire went out using our verification process's.. its real though

 

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