4 Steps to Preventing Wire Fraud

four steps to prevent wire fraud

Buyers and Sellers are Targets for Fraud

Warning! Wire fraud is real and home buyers and sellers are one of the biggest targets.

Scams to divert funds via wire transfer are widespread. Home buyers and sellers are experiencing multiple attempts to divert their entire life savings every day and we want to make sure they do not fall prey to any scam. Fraudsters target home buyers via email to trick them into sending a wire for their down payment and closing costs to the fraudster’s bank account, instead of the title company. The money is then siphoned out of the account and transferred out of the country.

Four Steps to Avoiding Fraud

Don’t be a victim. Below are four steps to avoid falling prey to wire fraud scams:

Four Ways to Prevent Wire Fraud

Call, don’t email:

Confirm all wiring instructions by phone before transferring funds. Use a trusted phone number from the title company’s website or a business card.

Be suspicious:

It’s not common for title companies to change wiring instructions and payment info.

Confirm it all:

Ask your bank to confirm not just the account number but also the name on the account before sending a wire.

Verify immediately:

Call the title company to confirm the funds were received.

Additional Wire Fraud Prevention Tips

Protect Yourself and Your Clients From Wire Fraud
True Story: Escrow Team Prevents Diverted Payoff Wires

Expanded Escrow Coverage & Service

We are excited to announce expanded coverage in the tri-county area that will provide improved accessibility and added convenience for our clients and industry partners. Ticor Title has been steadliy growing in the Puget Sound region with added locations, recruitment of additional local industry experts, refined processes, and ever-improving service levels. We believe that every successful real estate closing begins with a great team and we have cultivated a staff of exceptional professionals to provide clear communication, consistency, and a personalized experience with every transaction.

14 Escrow Signing Locations

With 14 Ticor Title branch locations placed strategically in the most populated areas in King, Pierce, and Snohomish Counties, you’re never far from one of our well appointed escrow signing locations. And of course, mobile signings are available for added convenience.

Please note our newest locations in Covington and Metro Seattle

Ticor Title Escrow Signing Locations
You’re never far from Ticor Title!
Branch Location Address Location Type
Seattle 1505 Westlake Ave N, Ste 150
Seattle, WA 98109
Seattle Commercial 1420 Fifth Ave, Suite 2223
Seattle, WA 98101
Bellevue 11400 SE 8th Street, Ste 110
Bellevue, WA 98004
Covington 27116 167th Pl SE, Ste 102
Covington, WA 98042
Federal Way 33400 9TH Ave S, Ste 102
Federal Way, WA 98003
Kent 10840 SE 208th Street
Kent, WA 98031
West Seattle 4817 California Ave SW
Seattle, WA 98116
Auburn 1002 15th St SW, Ste 225
Auburn, WA 98001
Everett 2825 Colby Ave, Ste 300
Everett, WA 98201
Lynnwood 19020 33rd Ave W, Ste 550
Lynnwood, WA 98036
Puyallup 437 29th St NE, Ste B
Puyallup, WA 98372
Gig Harbor 5775 Soundview Dr, Ste 204B
Gig Harbor, WA 98335
Tacoma Commercial 1201 Pacific Ave, Ste 633
Tacoma, WA 98402
University Place 3929 Bridgeport Way W, Ste 202
University Place, WA 98466