Wire Fraud in Real Estate Transactions

Wire Fraud Law

Residential Real Estate transactions are significant financial endeavors that require careful planning and execution. Unfortunately, in today’s digital age, the real estate industry is not immune to cybercriminals seeking to exploit vulnerabilities in the process. One of the most prevalent threats in real estate transactions is wire fraud. In this blog post, we will explore what wire fraud in real estate transactions is and how you can protect yourself from falling victim to this costly and distressing scam.

Understanding Wire Fraud in Real Estate Transactions:

In real estate transactions, most buyers need to wire their funds to the settlement agent for the closing. When you wire, you need to make sure that you confirm these wire instructions directly with the settlement agent. There are a lot of people out there that are bad actors with the intent of trying to get you to send your wire to their account. Make sure that when you wire your funds, you speak directly with the settlement agent before initiating the wire. 

Work with a Trusted Real Estate Attorney:

A reputable Real Estate Attorney plays a critical role in ensuring the security and success of your real estate transaction. Perhaps most importantly, having an experienced real estate attorney by your side provides peace of mind. You can confidently proceed with your transaction, knowing that a knowledgeable legal professional is overseeing every aspect to protect your interests and ensure the security of your investment.


Wire fraud in real estate transactions is a growing concern, but with awareness and vigilance, you can protect yourself from falling victim to this type of cybercrime. Working with trusted professionals, such as a real estate attorney, can provide an added layer of protection, ensuring that your real estate investment remains safe and secure. Contact UBFK Law today for the guidance needed to ensure that your transaction remains secure.

DISCLAIMER: The contents of this article were created to provide general information, it is not intended to create an attorney-client relationship and shall not be construed as legal advice. You should not act upon any information provided in this article without seeking professional legal counsel from an attorney licensed to practice law in your jurisdiction. No representations are being made as to the completeness or accuracy of the information contained in this article or on this site or sites linked hereto. If this pamphlet is inaccurate or misleading, report same to the Committee on Attorney Advertising, Hughes Justice Complex, CN 037, Trenton, NJ 08625. “No aspect of this advertisement has been approved by the Supreme Court of New Jersey.”
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