Consumer Alert: Mortgage Phishing Robbing Home Buyers of Life Savings

Here are a few steps to take to protect yourself:

1. Never wire funds to anybody or any institution unless you have checked the wire instructions independently with your title company, settlement or closing agent.

2. If you can’t or won’t confirm the information over the phone, most title companies, settlement companies and closing agents post their wire instructions online, so be sure you check their official websites. If they do, you can compare those instructions with the instructions you received.

3. Some agents will confirm the instructions you received over the phone if you give them the information you received. Just make sure you are talking to the right person at the right place.

As a policy, Key Group of Cummings & Co. Realtors or our partners at Key Transaction Management will never send out wiring instructions to any clients.  If you need that information, we ask that you speak to your title company.