When you buy a home, you’ll be required to submit personal information to your lender and/or settlement or escrow agent. This information may include Social Security numbers, bank account numbers and credit and loan account numbers.
Unfortunately, would-be fraudsters sometimes attempt to steal personal information and even money through real estate transactions.
Protect yourself and remember to:
- Always carefully examine the email address from which you receive updates on your transaction from your real estate agent, escrow officer or settlement agent to ensure it is correct. If an email seems suspicious, notify your real estate or settlement agent immediately.
- Call your escrow officer or settlement agent immediately if you receive an email requesting to change the wiring instructions for your transaction.
- Carefully review your personal information on your transaction paperwork to ensure it is correct.
- Communicate or confirm any changes to the transaction with your real estate, escrow or settlement agent over the phone or in person.
- Do not provide information about yourself or your transaction to any unknown or unnecessary parties.
- Contact your settlement agent or real estate agent if you suspect your email address is being improperly used or if you do not receive funds in a timely fashion.
For more information click this short video link: Home Buying Cyber Tips
Vanguard Title protects customers from real property title defects and forgeries by providing accurate real estate data, quality escrow services, and insurance against losses. Contact us today at any of our locations – Auburn Hills (248) 751-1000, Brighton (810) 225-8461, or Dearborn (313) 581-9663.