Wire Fraud Alert

Wire Fraud Alert

Caution: Important Wire Fraud Alert for Home Buyers

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

Local Real Estate Trends

Discover What’s New and Interesting in Our Backyard
Local CRE Trends

The Sunshine State of Florida is the 3rd most populous in the United States, and home to one of LandCastle Title Group’s most dynamic residential title teams, Synergy Title. Synergy Title provides cutting edge title insurance and settlement services throughout the state of Florida for any type of real estate transaction. Our team of experts offers an unparalleled level of knowledge and understanding of the industry. Our cutting edge technology allows us to be more consumer focused and ensures the security of non-public, private information.

Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the Newsdesk.

The Latest Articles From the Newsdesk:

What is a share draft account?
...Are insured by the FDIC

The truth about attorney opinion letters
...For a purchase at $250,000 or less, the average cost for title insurance (owner's with simultaneously issued lender's policy and settlement), comes in around $1,400 when using a national title...

Nevada’s Gaming Revenue Streak Exceeds $1 Billion For 20th Straight Month
...compared to pre-pandemic levels in 2019. A looming rail strike, a slow housing market, high gas prices and ongoing inflation are all threatening to end Nevada’s impressive winning streak, but...

High home prices push Fannie Mae and Freddie Mac to back loans of more than $1 million
...as the real estate market has cooled in the face of skyrocketing mortgage rates this year, home prices are still climbing, with prices up 12.21% in the third quarter compared to a year ago, according...

As housing market cools, conforming loan limits to rise for 2023
Malcolm MacGregor/ Even as the housing market cools after a record-breaking run, the Federal Housing Finance Agency announced that loan limits for mortgages that can be bought by Fannie Mae...

Lenders share their game plans for a difficult stretch
...option for stemming rising rates, accounted for an 8% share of all mortgage applications for the weekly period ending Nov. 18. First-time homebuyers are also attracted to the products which can...

Housing Market Decline: Home Prices Continued Three-Month Decrease In September
...the third-straight month in September, according to data released Tuesday, after the housing market reported its largest deceleration ever in August. Key Facts Home prices declined by 1.2%...

Home prices drop for third straight month as U.S. market cools
The U.S. housing market pulled back even more in September, with prices slipping 1.2% from a month earlier. It was the third straight decline for the seasonally adjusted measure of prices in...

Real Estate Trends: Are We Headed For Another Housing Market Crash?
...Many industry leaders, including Goldman Sachs, have altered their predictions for the housing market since early Fall 2022. While mortgage rates have dropped over the past several weeks, they...

Bias In Mortgage Lending Still Rampant, Especially For Blacks And Native Americans
...Kareem Saleh, co-founder of FairPlay AI. Researchers analyzed more than 350 million mortgage applications from 1990 to 2021 to determine whether mortgage fairness in the U.S. has changed over...