What are the most common scam phrases that should raise a red flag during your home buying process? Lakeside Title Company has decades of experience in real estate transactions, and cares deeply about client privacy, wire safety, protecting sensitive financial information, and ensuring our transactions are safe from third party manipulation. We regularly help our clients recognize warning signs of real estate fraud, and have noticed language patterns worth sharing.
Top Words that Fraudsters Use in Scams
- Phrases that Create Urgency like “Send Today”
- Updates on Wiring or Last-Minute Changes to Instructions
- Reply “Only By Email” (rather than phone)
- Account Changes or “New Account Creation”
- “Disregard Previous Instructions”
When you are in the process of a real estate transaction, you should always be able to verify instructions, updates, or changes with your financial institutions and real estate agents by phone. The process should be clearly outlined in writing, with safeguards to ensure security. Always second guess any outside requests that you were not warned of or any changes to accounts, email addresses, or timeline.
Choose Lakeside Portal for Secure Transactions
Lakeside Portal is Lakeside Title Company’s online platform that keeps all your transaction documents in one place, including communications, updates on the process, and secure wiring instructions.
Lakeside Title Company has worked with realtors, investors, lenders, buyers, commercial entities, and builders for 28 years. We provide title insurance and settlement services that prioritize your property, your security, and your future. With 15 office locations, you can always count on Lakeside Title Company to be there for your in-person or virtual closing.