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.
|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.
|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
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!
|1505 Westlake Ave N, Ste 150
Seattle, WA 98109
|1420 Fifth Ave, Suite 2223
Seattle, WA 98101
|11400 SE 8th Street, Ste 110
Bellevue, WA 98004
|27116 167th Pl SE, Ste 102
Covington, WA 98042
|33400 9TH Ave S, Ste 102
Federal Way, WA 98003
|10840 SE 208th Street
Kent, WA 98031
|4817 California Ave SW
Seattle, WA 98116
|1002 15th St SW, Ste 225
Auburn, WA 98001
|2825 Colby Ave, Ste 300
Everett, WA 98201
|19020 33rd Ave W, Ste 550
Lynnwood, WA 98036
|437 29th St NE, Ste B
Puyallup, WA 98372
|5775 Soundview Dr, Ste 204B
Gig Harbor, WA 98335
|1201 Pacific Ave, Ste 633
Tacoma, WA 98402
|3929 Bridgeport Way W, Ste 202
University Place, WA 98466