Wire Fraud in Real Estate

Описание: In this episode of Real News Extra®, Jennifer Felten, Founder and Principal of RELAW, APC, joins Fred Felten, Operations Manager, for a critical conversation on one of the most pressing issues in the real estate industry: Wire Fraud in Real Estate Transactions.

Real estate wire fraud is not just a possibility, it’s a growing threat that can lead to devastating financial losses. But when fraud occurs, who is ultimately responsible? Who bears the burden of the loss?
Jennifer and Fred dive into this important topic, exploring the legal, procedural, and communication strategies that can help prevent wire fraud.

They discuss why policy and procedures matter, the importance of secure communication, verifying wire instructions, and having a recovery protocol ready in case of wire fraud.

This episode is a must-watch for anyone involved in transmitting funds via wire; especially in real estate transactions including buyers, sellers, agents, escrow officers, financial advisors (or planners), and attorneys.
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