Home Buyer Purchase Checklist
The Home buyers checklist is essentially a book of OVER a 100 items based on twenty years in Real Estate. Below, I share two checklist items that can have the most devastating consequences. For the other, over 100 items let’s work together to insure nothing in the purchase process is missed.
Item #1 – Notes to add – Purchase Checklist in Escrow –
Today’s Home Buyers Checklist item is focused on a home money scam of critical concern to home buyers and sellers. But especially- Paradaise Valley Home Buyers need to be aware. Recently individuals have been hacking into personal e-mails and sending unauthorized instructions to escrow companies. These individuals are in essence, ” sending instructions to escrow companies to wire the closing funds to bank accounts other than those of the home buyer or home seller. Previously nefarious characters were simply using e-contacts to spam and send promotional e-mails. Now thieves are studying the habits of the owners of an e-mail account. Then, reading the content, to see how money might be solicited/stolen from the owners contacts.
Add to “In Escrow Notes”
For example. You have been e-mailing your bookkeeper instructions for payments for normal business bills. A hacker could send an e-mail from your account to your bookkeeper to wire funds to an account other than yours. If the bookkeeper does not check with you. Unauthorized funds would be sent to the criminals bank account. The home money scam has now expanded to real estate transactions, as thieves look for homes that go into a ‘sales contract’. And then they send an e-mail that looks as if it is from the escrow company requesting funds go to the criminals specified bank account. This may occur at any point prior to or even after the closing date of the sale.So, please add this beware item to your,
home buyer purchase check list.
Seller and Buyer Tip – So please add to your Home Buyer Purchase Checklist to make sure to speak directly with your escrow officer and confirm all wiring instructions are correct. Make sure you’ve taken every precaution to insure your money arrives safely in your account. For more tips and information on Luxury Homes sales in Paradise Valley, Arcadia and Scottsdale Arizona please feel free to call me. Look forward to helping.
Realtor -Specializing in Scottsdale, Arcadia and Paradise Valley Arizona
Michael Chaisson – Realtor
Launch Realty
Premier Client Services
Ranked Top 1% Nationally
Circle of 26 Excellence Award Recipient
480-450-4632
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