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VLOG #102: What You Should Know About the Rise in Wire Fraud

By Robert Altshuler, Esq. Founder | Managing Partner | Realtor®

Robert addresses critical points you should be aware of regarding wire fraud in Arizona’s hot housing market…

Unfortunately, wire fraud is on the rise again, with the emphasis on the hot housing market in the media. It’s no surprise that fraudsters have decided to go after real estate transactions. Additionally, with the large influx of inexperienced agents coming into the market and some experienced agents as well who are not careful with the security of their social media accounts…it is easier for these identity thieves to access email accounts and intercept wire instructions.

Bottom line: You need to make sure that all wire transfers are verified on the phone with escrow prior to sending any funds.

Interested in getting more real estate advice? Check out: VLOG #101: Does Your Home Show Well?

 

As the founder of Valley Luxury Partners, Robert represents discerning buyers and sellers of luxury real estate in select markets in Arizona.

Valley Luxury Partners is driven by a desire to preserve and protect the privacy of our clients throughout the entire real estate sales process. One might consider our founder, Robert, a triple threat. As a former wealth manager, commercial real estate attorney and real estate investor, he was particularly groomed for real estate sales. Robert leverages his deep experience and knowledge to confidently and discreetly guide his client’s luxury real estate needs.

 

©2022 Valley Luxury Partners Real Estate (VLP). All Rights Reserved. eXp Realty® is the employing broker of record for VLP. VLP and eXp Realty® fully support the principles of the Fair Housing Act. Robert Altshuler is a licensed attorney in Arizona. Nothing in this blog should be construed as legal advice or creating an attorney client relationship. This blog is not intended to solicit properties already listed for sale or intended to cause a breach of an existing agency relationship.