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November 28th, 2017 11:59 AM

Barbara’s Blog:

Thieves are using ever-more sophisticated scams to steal identity, and when buying a home, it is imperative to protect yourself and your down payment, not just during the holidays, but all year long.

  • Never access or send financial or personal information when connected to a free Wi-Fi hub or charging station.
  • Seek referrals before choosing a lender. And never send sensitive information without first meeting the lender in person.
  • Never open suspicious emails or attachments, even if they appear to be from your lender or realtor.
  • Use caution if posting information about your purchase on social media, where it can be mined by scammers.
  • Ask your realtor and lender who will have access to your personal information and how it will be disposed of if it’s not needed when your transaction is complete. Will it be shredded or stored in a secure location?
  • Work only with a lender who uses dual controls on wire transfers so no money can be moved until two employees independently approve the transfer.
  • Never wire funds until you have phoned a trusted source to confirm that all the information in the wiring instructions is accurate.
  • Never email sensitive information. Instead, send it by courier, drop off the documents in person or use a secure, encrypted document-sharing platform.

ALWAYS be on the lookout for scams and impersonators!  Being pro-active in identity protection will add peace of mind to any transaction.

Written by Barbara Doeringer

Posted in:Real Estate
Posted by Allen Doeringer on November 28th, 2017 11:59 AMPost a Comment

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