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n Southern Denton County, the real‑estate market stays lively and competitive, but that buzz also draws cybercriminals who target the digital steps of today’s closings. The National Association of REALTORS® reports that in 2022 alone, wire fraud in real‑estate transactions cost more than $446 million—making it one of the fastest‑growing threats to homebuyers.

    **How the Scam Works**

    Fraudsters typically hijack or mimic legitimate email accounts used during a transaction. They pose as REALTORS®, title firms, lenders, or attorneys and send counterfeit wiring instructions at the most critical moment—usually just before closing, when stress and deadlines peak. Because the sums are large and the process is time‑sensitive, victims often don’t spot the deception until the money has already been transferred to a criminal’s account. The blend of high‑value transfers, unfamiliar procedures, and heavy reliance on email creates a perfect storm for scammers.

    **Protecting Yourself**

    1. **Start with Security** – Ask your REALTOR® at the outset to explain the exact money‑transfer process, who will issue wiring instructions, and what communication methods to expect. Knowing the normal pattern makes red flags easier to spot.

    2. **Verify Independently** – Whenever possible, receive wiring instructions in person. If that’s not feasible, confirm them using a trusted phone number you already have, not one supplied in an email. Never rely solely on email to authorize a major wire.

    3. **Beware Last‑Minute Changes** – Fraudsters often act in the final hour. If you receive updated instructions—especially after business hours or right before closing—treat it as a warning sign. Odd wording, strange sender addresses, or mismatched domains should raise suspicion.

    4. **Call a Trusted Source** – Use a phone number you’ve used throughout the transaction (e.g., the title company’s main line or your REALTOR®’s known contact) to confirm the transfer both before and after wiring.

    5. **Act Immediately if Something Feels Wrong** – If you suspect fraud, contact your bank right away to attempt to stop or recall the transfer. Then file a report with the FBI’s Internet Crime Complaint Center (IC3).

    **REALTORS’ Role in Safeguarding Transactions**

    North Texas REALTORS® are stepping up their defenses by adopting secure practices and educating clients. Many brokerages and title firms now:

    - Use encrypted portals or deliver wiring instructions in person.

    - Train staff to spot spoofed messages and suspicious last‑minute requests.

    - Provide client checklists that outline safe communication procedures.

    - Coordinate with lenders and title partners to ensure consistent fraud‑prevention steps.

    These measures, combined with informed consumers, significantly lower the risk of falling victim.

    **Staying Safe in Today’s Market**

    Buying or selling a home is a major financial milestone. In a dynamic market like ours, taking a few extra minutes to verify communications can prevent devastating losses. If you’re preparing for a transaction, ask your REALTOR® to review the wiring process and security expectations early on. A clear plan and diligent verification are the best tools for keeping your funds—and your closing—secure.