The FTC Consumer Blog issued a post focused on hackers who have been breaking into some consumers’ and real estate professionals’ email accounts to get information about upcoming real estate transactions. After figuring out the closing dates, the hacker sends an email to the buyer, posing as the real estate professional or title company. The bogus email says there has been a last-minute change to the wiring instructions and tells the buyer to wire closing costs to a different account. But it’s the scammer’s account. If the buyer takes the bait, their bank account could be cleared out in a matter of minutes. Often, that’s money the buyer will never see again.
If you are buying Boston real estate or renting a Beacon Hill apartment and you’re requested to wire money be very suspicious of wiring requests if you don’t recognize the email address. Call in person and verify that they have requested a money wire transfer.
Boston Real Estate and the Bottom Line
As a listing agent I have gotten all sorts of weird emails from people who want access to my bank accounts so they can send me money to pay for homes I have listed . . ya . . . right.