Wire Fraud Prevention for Real Estate Closings

Know how to verify instructions, protect your funds, and respond quickly if something goes wrong.

Why Wire Fraud Happens at Closing

Real estate transactions involve large transfers of money, making them a target for fraud. A common pattern involves fake emails that appear to come from a trusted party-such as an agent, lender, or closing office-providing altered wiring instructions. These messages can look legitimate and often arrive close to closing when timing matters most.

The Most Important Rule: Verify Before You Wire

Never rely on emailed wiring instructions alone. Always confirm instructions directly with your closing attorney's office using a trusted phone number.

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Do not trust:

  • Last-minute changes sent by email
  • Messages with urgent or unusual instructions
  • Emails that look correct but contain subtle differences
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Do this instead:

  • Call a verified number to confirm wiring details
  • Use known, trusted contact information
  • Ask questions if anything feels unclear

What a Secure Closing Process Looks Like

A secure process includes clear, consistent communication and verification steps.

  • Wiring instructions are not sent or changed solely by email
  • Instructions are confirmed through direct communication
  • Sensitive details are handled through secure, controlled methods
  • You know who to contact to verify information

Understanding these practices helps you recognize when something is not right.

Warning Signs of a Wire Fraud Attempt

  • Emails requesting urgent action or last-minute changes
  • Slight differences in email addresses or formatting
  • Instructions that differ from what you were previously told
  • Requests to send funds to a new or unfamiliar account

If something feels off, pause and verify before taking action.

If You Sent Money to the Wrong Account

Act immediately. Timing is critical.

Step 1: Contact Your Bank Immediately

Request a wire recall or fraud alert as soon as possible.

Step 2: Notify the Receiving Bank

If known, your bank may assist in contacting the receiving institution.

Step 3: Report the Incident

File a report with appropriate authorities, including federal and local agencies.

Step 4: Contact Your Closing Team

Notify your closing attorney or team so they are aware and can assist with next steps.

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Practical Steps to Protect Your Closing

  • Confirm wiring instructions by phone before sending funds
  • Avoid using contact details provided in the same email as the instructions
  • Double-check account details before initiating a transfer
  • Plan ahead so you are not rushed at the last minute
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Common Questions About Wire Fraud

  • How do I verify wiring instructions?

    Call your closing attorney's office using a trusted phone number and confirm details directly.

  • How do I avoid mortgage closing scams?

    Do not rely on email instructions alone and always verify before sending funds.

  • What should I do if I sent money to the wrong account?

    Contact your bank immediately and report the issue as quickly as possible.

Let's Talk

Stay Alert. Close Securely.

Wire fraud prevention is about simple, consistent verification. Taking a few extra steps can help protect your funds and keep your closing on track.