How do I wire closing funds safely and avoid wire fraud?
Wire fraud is a serious risk at closing. Scammers pose as title companies and send fake wiring instructions via email. Never trust wire details in an email, even if it looks legitimate. Once you are in escrow, call the title company directly using a phone number you verify independently, not from any email, to confirm wiring instructions before sending funds. Verify every digit of the account and routing number over the phone. Send wires only on business days so you can confirm receipt quickly. Once a wire is sent it is nearly impossible to recover if it goes to the wrong account. The specifics depend on your situation and a licensed title professional should confirm, and Jon can connect you with one.
Specifics depend on your situation and should be confirmed with a title company. Jon can connect you with one: text (623) 826-0888.
More on closing costs and the closing process
- What are closing costs and how much are they in Arizona?
- How long does closing take after going under contract?
- What happens on closing day and when do I get the keys?
- What is a final walk-through and what if something is wrong?
- Can I close remotely or do I have to sign in person?
- What is the difference between the Loan Estimate and the Closing Disclosure?
Meet Jon Hegreness
Jon Hegreness
REALTOR / Associate Broker · Howe Realty
AZ License BR540940000
Full-time Phoenix North Valley REALTOR and Associate Broker with 24 years in Arizona residential real estate. A negotiator and problem solver who works the way you would want a friend in the business to work: direct, on your side, and steady through the parts that get complicated.