Florida Real Estate: How to Avoid Wire Fraud When Closing

You’re about to close on your Florida home and wire your down payment.

Stop. Think. Verify.

Wire fraud is one of the fastest-growing threats in real estate.

Here’s how to avoid becoming a victim.

What Is Real Estate Wire Fraud?

Cybercriminals hack into emails between buyers, agents, and title companies.

They send fake wiring instructions that look legitimate but direct your money to a criminal’s account.

Once sent, it’s almost impossible to recover.

Red Flags to Watch For

• Urgent email asking to “change” wiring instructions
• Misspellings in email address or subject
• Last-minute changes before closing
• Instructions sent by personal Gmail/Yahoo accounts

When in doubt, don’t click.

How to Protect Yourself

1. Call Before You Wire
   • Confirm wiring instructions by phone with a known number
2. Verify With Multiple Parties
   • Call both your title company and agent
3. Avoid Email for Final Instructions
   • Ask for instructions by secure portal or in person
4. Use Strong Passwords
   • Secure your email accounts (and don’t reuse passwords)
5. Review Instructions Closely
   • Double-check routing and account numbers

What to Do If You Suspect Fraud

• Contact your bank immediately
• Notify the title company and your agent
• Report to the FBI Internet Crime Complaint Center (IC3)
• Time matters—act within hours

Final Thought

Don’t let cybercrime derail your Florida home purchase.

Always verify wiring instructions in person or by phone.

📞 Call Michael Renick at 941.400.8735 to confirm your next steps before sending any funds at closing.

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