Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email.
A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds accordingly.
>> Learn how to be WireSafe
More Earnings Along With Personal Consumption Expenditures This Week
...is heating up.
This morning, we'll get the latest report on New Home Sales. On Tuesday, Durable Goods and the Conference Board Consumer Confidence reports will be released. Then on Thursday...
Why you can feel good about your job prospects for a while longer
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the...
Americans have racked up a trillion dollars in credit card debt. That’s actually okay
...the week ended February 24. The National Association of Realtors reports January home sales based on contract signings. Fed officials Raphael Bostic, Austan Goolsbee, Loretta Mester and John...
When will the Fed cut interest rates? Watch key inflation report this week.
And home prices have been in the doldrums because of high mortgage rates -- although borrowing costs have eased a bit lately. Could that bear fruit in the latest reading on home prices?...
Despite Deteriorating Economics, Equity Markets At All-Time Highs
...this is a positive for the Fed.
For a change, Existing Home Sales showed up with a “+” sign in January, rising +3.1% month/month. Still, sales for the month were lower by -1.7% from...
Why The Latest ‘Bad’ Inflation Is Our Key To Solid 8% Dividends
Click to save this article.You'll be asked to sign into your Forbes account.Got itFeb 24, 2024,10:56am EST
Since last week, markets have been hamstrung by the fear that inflation is going to hang...