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Caution: Important Wire Fraud Alert for Home Buyers

Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email.

A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds accordingly.

>> Learn how to be WireSafe

Local Real Estate Trends

Discover What’s New and Interesting in Our Backyard
Local CRE Trends

Houston is the most populous city in Texas, and the fourth most populous city in the United States. Home to 6 million residents, and host to 7 million visitors each year, Houston is the fifth-most populated metropolitan area in the country. The city of Houston is a major hub for big business, and serves as headquarters for more Fortune 500 companies than any other U.S. city, second only to Manhattan. In addition to its rich history in oil, Houston has one of the world’s busiest international ports and is home to NASA’s Johnson Space Center. Houston is also headquarters for the world’s largest group of medical care and research facilities.

The Lone Star state is also headquarters to Commonwealth Land Title Insurance Company, one of Fidelity National Financial’s most dynamic title brands and real estate teams. Commonwealth Title of Houston serves the residential and commercial real estate industry. Our Houston-based professionals work in all facets of the real estate industry, providing best-in-class real estate services to buyers and sellers in the area, as well as the real estate professionals, lenders, builders and industry partners that work alongside them. In addition to our commitment to the residents of Texas, we provide commercial services to investors who help keep our economy strong.

Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.


The Latest Articles From the FNF Newsdesk

Biden administration announces more help to stem foreclosures
The White House on Friday announced plans to expand aid for mortgage borrowers who have fallen behind on payments during the coronavirus pandemic. Enhanced assistance will be provided to homeowners...

Biden administration offers new aid for mortgage borrowers at risk of foreclosure due to COVID-19 pandemic
WASHINGTON – The Biden administration announced Friday it is putting in place new loan modifications and payment reductions to help homeowners who have fallen behind on their mortgage payments during...

Can PayPal Serve As Your Bank Account?
More than 300 million people and businesses worldwide use PayPal to send money, receive money and shop online. Along with digital payments, PayPal offers other financial services like debit cards,...

Mortgage rates for July 23, 2021: Rates slip
Today quite a few important mortgage rates ticked downward. Here's how that can affect your mortgage plans. Some important mortgage rates slumped today. 15-year fixed and 30-year fixed mortgage...

Mortgage and Refinance Rates Today, July 23, 2021 – Rates down
Average mortgage rates fell across all terms from a week ago. Rates for 30-year fixed, 15-year fixed, 5/1 ARMs and jumbo loans all fell. Rates accurate as of July 23, 2021. These rates are...

Lessons From The Pandemic For Office Building Owners And Managers
Marc DeLuca is Eastern Regional President of  KBS , one of the largest investors of premier commercial real estate in the nation.  Over the last year and a half, those involved in the business of...

How homebuyers can navigate a housing market where cash rules
New research from real estate company Opendoor confirms what frustrated homebuyers already know: In the post-pandemic real estate market, cash is king. Fully 72 percent of sellers prefer cash...

Modest Uptick in Listings Buoys Sales
More home sellers are trying to snag some of the highest prices on record. That is helping to lift housing inventories and home sales. After four consecutive months of declines, existing-home sales...

Another Chance to Defend Independent Contractor Status
| Realtor Magazine Internet Explorer does not currently support REALTOR® Magazine search. IE users, please download Firefox , Chrome , or Edge . July 22,...

Instant Reaction: Mortgage Rates, July 22, 2021
"Mortgage rates dropped significantly this week, providing some relief to homebuyers even as home prices are reaching new record highs. According to the mortgage finance provider Freddie Mac, the...