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Wire Fraud Alert

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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



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Oregon is home to one of Fidelity National Title Group’s most dynamic title brands and real estate teams. Chicago Title San Mateo serves the residential and commercial real estate industry. Our offices are strategically located throughout San Mateo county, and includes teams that live and work in the area.
 
Our team of professionals works in all facets of the real estate industry, providing best-in-class real estate services to buyers and sellers in the area, as well as the real estate professionals, lenders, builders and attorneys that work alongside them. In addition to our commitment to the residents of San Mateo county, we provide commercial services to investors who help keep our economy strong.
 
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:

Is it time to sell Series I bonds?
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am EDT| Dmitrii Zotov, founder and CTO at award-winning performance marketing platform Affise, helping companies scale via partnerships channel. Is a recession coming? While some sources predict...

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...re maximizing your returns. Risk: Money market accounts are protected by the FDIC, with guarantees up to $250,000 per depositor per bank. So money market accounts present no risk to your principal...

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Mortgage rates remain at jarringly lofty levels. In late September, the average rate on a 30-year home loan surged past 7.5 percent for the first time since November 2000, according...

Understanding The Ring-Around-The-Rosy Rental Inflation Game
...reducing the number of mortgaged-backed securities they buy to help support the housing market. As interest rates went up, so did the costs of financing property purchases or refinances, making...

Janet Yellen says a government shutdown could risk tipping the U.S. into a recession
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What’s Ailing Stocks?
am EDT| The S&P 500 hasn’t had a massive swoon but is 6.6% off its end-of-July high. Let’s look at some of the proximate causes of the weakness in the stock market. While the looming U.S. government...

Why Economists Don’t Understand Consumer Worry
pm EDT| A good number of economists have been making the virtual rounds, cheering on the economy. Early on Fridan when the Personal Income and Outlays data came out from the Bureau of Economic...

Philipson: U.S. government shutdown threatens economy