Comment by nijave
8 months ago
As others have mentioned, title fraud. My recent closing disclosure has buyer, seller, agent, and title company. It'd be pretty easy to call the buyer claiming to be the title company and request a wire for exactly the right amount to a fraudulent location.
I'm skeptical anyone here has actually bought a house. That's not how it works at all.
Not sure what you mean. Just bought a house in the U.S. last month.
Title company called and left a voicemail saying they emailed wire instructions and to call to verify with them then check with lender on correct closing amount. The email came from the title company domain so it was easy to verify but literally anyone could have called and mentioned the same.
Because every country has agreed on a standard procedure
Why would that be a factor? This website only analyses US based loans.