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    Wire Fraud Disclosure

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    Phillip King
    This document provides a disclosure and recommendations regarding wire fraud risks in real estate transactions. It warns that criminals are targeting email accounts to obtain sensitive personal and financial information, including fraudulent wiring instructions. It strongly recommends refraining from including such information in emails and instead using more secure means like phone calls to confirm wiring instructions before sending any funds. Buyers should obtain phone numbers independently rather than from the email in order to confirm the legitimacy of parties in the transaction.

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    Wire Fraud Disclosure

    Uploaded by

    Phillip King
    1K views1 page
    This document provides a disclosure and recommendations regarding wire fraud risks in real estate transactions. It warns that criminals are targeting email accounts to obtain sensitive personal and financial information, including fraudulent wiring instructions. It strongly recommends refraining from including such information in emails and instead using more secure means like phone calls to confirm wiring instructions before sending any funds. Buyers should obtain phone numbers independently rather than from the email in order to confirm the legitimacy of parties in the transaction.

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    Disclosure Regarding Wire Fraud

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    This document provides a disclosure and recommendations regarding wire fraud risks in real estate transactions. It warns that criminals are targeting email accounts to obtain sensitive personal and financial information, including fraudulent wiring instructions. It strongly recommends refraining from including such information in emails and instead using more secure means like phone calls to confirm wiring instructions before sending any funds. Buyers should obtain phone numbers independently rather than from the email in order to confirm the legitimacy of parties in the transaction.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    1K views1 page

    Wire Fraud Disclosure

    Uploaded by

    Phillip King
    This document provides a disclosure and recommendations regarding wire fraud risks in real estate transactions. It warns that criminals are targeting email accounts to obtain sensitive personal and financial information, including fraudulent wiring instructions. It strongly recommends refraining from including such information in emails and instead using more secure means like phone calls to confirm wiring instructions before sending any funds. Buyers should obtain phone numbers independently rather than from the email in order to confirm the legitimacy of parties in the transaction.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    WIRE FRAUD DISCLOSURE

    COLDWELL BANKER RESIDENTIAL BROKERAGE IS PROVIDING WIRE FRAUD


    NOTIFICATION TO ALERT BUYERS AND/OR SELLERS, AS THE CASE MAY BE, ABOUT
    POTENTIAL RISKS RELATING TO THE FUNDING OF TRANSACTIONS
    Disclosure to Buyer Clients Regarding Risks of Receiving Fraudulent Wiring Instructions
    Criminals/hackers are targeting email accounts of various parties involved in a real estate transaction (e.g.,
    lawyers, title agents, mortgage brokers, real estate agents). Among other concerns, this has led to fraudulent
    wiring instructions being used to divert funds to the criminal's bank account. These emails may look like
    legitimate emails from the proper party. Coldwell Banker Residential Brokerage strongly recommends that
    you, your lawyers and others working on a transaction, should refrain from placing any sensitive
    personal and financial information in an email, directly or through an email attachment. When you need
    to share Social Security numbers, bank accounts, credit card numbers, wiring instructions or similar
    sensitive information, we strongly recommend using more secure means, such as providing the
    information in person, over the phone, or through secure mail or package services, whenever possible. In
    addition, before you wire any funds to any party (including your lawyer, title agent, mortgage broker, or
    real estate agent) personally call them to confirm it is legitimate (i.e., confirm the ABA routing number
    or SWIFT code and credit account number). You should call them at a number that you obtain on your own
    (e.g., the sales contract, their website, etc.) and not use the phone number in the email in order to be sure that
    you are contacting a legitimate party.

    Acknowledgement of Receipt:
    Name:

    Date

    Name:

    Date

    2015 Coldwell Banker Residential Brokerage. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Operated by a subsidiary of
    NRT LLC. Coldwell Banker and the Coldwell Banker logo are registered service marks owned by Coldwell Banker Real Estate LLC.

    CBRB - Ronkonkoma, 2395 Ocean Ave. Suite 1 Ronkonkoma, NY 11779


    Phillip King
    Phone: (631)542-5345
    Fax: (631)236-1839
    Produced with zipForm by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026

    Test Buyer
    www.zipLogix.com

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