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Updated almost 6 years ago on . Most recent reply

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Rowena A.
  • Investor
  • San Diego, CA
16
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29
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Closing on a wholesale property

Rowena A.
  • Investor
  • San Diego, CA
Posted

Hi Everyone! I'm getting ready to close on my first wholesale cash property and want to make sure that I am not missing anything. I was given the HUD-1 settlement statement and wiring instructions and am supposed to wire the money on Monday. Is there anything else I should be asking for before I wire the money? I would appreciate any advice and tips from the experts out there.Thank you!

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

If you were not handed the wiring instructions By Hand, call the title co. to verify wiring instructions.  The latest fraud, going on for a few years, is scammers hacking title company and agent emails, sending you wiring instructions to the scammers bank....where it is gone forever.

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