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Wire Fraud Alert

Wire Fraud Alert image

CAUTION: IMPORTANT WIRE FRAUD ALERT FOR HOME BUYERS

Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email.

A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds accordingly.

>> Learn how to be WireSafe



Local Real Estate Trends

Discover What's New and Interesting in Our Backyard
Local CRE Trends

Stanislaus and San Joaquin Counties are home to one of Fidelity National Title Group’s most dynamic title brands and real estate teams. Chicago Title Central Valley serves the residential and commercial real estate industry. Our offices are strategically located throughout Stanislaus and San Joaquin Counties, and include teams that live and work in 4 offices located in: Modesto, Oakdale, Stockton and Lodi.

Our team of professionals works in all facets of the real estate industry, providing best-in-class real estate services to buyers and sellers in the area, as well as the real estate professionals, lenders, builders and attorneys that work alongside them. In addition to our commitment to the residents of Stanislaus and San Joaquin Counties, we provide commercial services to investors who help keep our economy strong.
 
Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the Newsdesk.

The Latest Articles From the Newsdesk:

Wakeland’s New CEO on California’s Affordable Housing Crisis
Rebecca Louie, CEO, Wakeland Housing and Development Corp. Image courtesy of Wakeland Housing and Development Corp. California’s housing crisis is notorious. Demand for affordable housing in the...

Roomba Maker iRobot Reportedly Planning To Cut 10% Of Its Staff: Here Are The Major U.S. Job Cuts As Recession Fears Grow
am EDT| Topline Major U.S. companies have laid off thousands of employees so far this summer, as CEOs fear soaring inflation could tip the economy into a recession. Timeline Aug. 5, 2022iRobot,...

CD vs. savings account: Which should you choose?
If you’re looking for a safe place to stash your cash and earn some interest, it’s hard to go wrong with a certificate of deposit or a savings account. Understanding the differences between these two...

The housing market is slowing down, but homes aren't getting cheaper anytime soon
Orphe Divounguy is a senior economist at Zillow. The opinions expressed in this commentary are his own. Rising home prices and mortgage rates have made it next to impossible for many Americans to...

Today’s refinance rates move higher – August 8, 2022
Senior mortgage reporter Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate in 2020, he wrote about real estate and the economy for the Palm Beach Post and the South...

Current national mortgage and refinance rates, August 8, 2022 | Rates rise
Average mortgage rates edged higher for all types of loans compared to a week ago, according to data compiled by Bankrate. Rates for 30-year fixed, 15-year fixed, 5/1 ARMs and jumbo loans...

FDIC Sees Potential Warning Signs for Bank CRE Lenders
Some metrics hint CRE lenders may not be as prepared for potential downturns as they should be. The Summer 2022 issue of the FDIC’s Supervisory Insights ran an...

Opinion: The housing market is slowing down, but homes arent getting cheaper anytime soon
Rising home prices and mortgage rates have made it next to impossible for many Americans to afford a home. And, even though the market is starting to show signs of cooling, many prospective buyers...

Today's Mortgage Rates for Aug. 8, 2022: Rates Increase
Today a few important mortgage rates ticked up. As interest rates surge, it's getting more expensive to buy a house. A couple of important mortgage rates rose today. The growth in the interest rate...

Mortgage Refinance Rates for Aug. 8, 2022: Rates Move Up
Several important refinance rates ticked up today. Though refinance rates change daily, experts expect rates to climb this year. Both 15-year fixed and 30-year fixed refinances saw their mean rates...