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How to protect yourself from wire fraud

In Buyers, Homeowners, Sellers by Doug Phelps

Wiring money is a common practice in the home buying and selling process. Wiring money is an electronic transaction that happens between two entities, such as from a buyer’s bank account to a mortgage company to cover things like earnest money, down payment or closing costs. Mortgage companies also commonly pay the proceeds of a home sale through a wire …

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Home Title Scams 101

In Buyers, Homeowners, Sellers by Doug Phelps

When a title scam happens, it’s not as if the scammer would start living in the home, but instead things like a fraudulent refinance can happen and the scammer can borrow money against your home without your knowledge.