Cybercriminals targeting home buyers and sellers nationwide. Tips on how to protect yourself. This past February, a Colorado seller lost over $80,000 from the sale of their property to one of these scams. How do the scams work? Often the computer hackers monitor email exchanges between the parties of a real estate transaction and gain specific information, such as the buyer and seller names, subject property address and file numbers. As the closing date approaches and arrangements
*Always confirm your account number with your closer and Realtor at closing when using a wire.
Division of Real Estate urges Colorado home buyers and sellers to be on alert for email scams with fraudulent wire transfer instructions Cybercriminals targeting home buyers and sellers nationwide The Colorado Division of Real Estate at the Department of Regulatory Agencies (DORA) warns Colorado consumers to beware of a national cyber-scam currently taking place that steals money directly from home buyers and sellers. The Division