03/25/2026
Wire fraud is a real risk during the closing process, but a few simple steps can make a big difference. Here’s what every buyer should know to help protect their funds before closing.
Scammers may send emails with fake wiring instructions that appear legitimate by copying names, logos, and email addresses. Follow these steps to help protect your money.
• Verify by Phone: Always confirm payment details using a trusted phone number. Never rely on emails or phone numbers to verify payment instructions.
• Proceed with Caution: Requests to update wiring or payment information via email are unusual for title companies.
Keep Your Money Safe
• Final Check: Before wiring funds, request your bank confirm the name associated with the account.
• Confirm Promptly: Within four to eight hours, contact the title company or real estate agent to verify that your funds were received.
Next Steps if You are Targeted
• Act Right Away: Contact your bank immediately and request that a wire recall be initiated.
• Take Action: Report the crime online through the FBI’s IC3 at https://qoco.io/4rYzLK9.
• Speed Is Critical: Identifying a mistaken transfer within 24 hours greatly increases the likelihood of recovering the funds.
Protecting your funds is a critical part of the closing process—and awareness is your first line of defense.
Quaint Oak Abstract, LLC is a Licensed Insurance Agency and Non-Banking Subsidiary of Quaint Oak Bank
Insurance Products Offered Are: Not a Deposit – Not FDIC Insured – Not Insured by Any Federal Government Agency – Not Guaranteed by Quaint Oak Bank or Any of its Affiliates
