Mortgage Closing Scams: How to Protect Yourself and Your Closing Funds

Mortgage Closing Scams: How to Protect Yourself and Your Closing Funds

Closing on your house is the final step toward homeownership. However, this exciting time can quickly become stressful if scammers con you into a phishing scheme. Here are some ways to identify a closing scam and protect your assets from scammers.

Types of Closing Scams

Scammers recognize how large the real estate market is. If they manage to get hold of your contact information, scammers posing as your realtor or mortgage lender will send you fake emails with false instructions on how to pay your closing costs. Instead of paying the correct party, you could accidentally forward hundreds or thousands of dollars to the wrong account.

Protecting Your Closing Funds

There are several tips to avoiding phishing schemes. During the closing process, you should:

Secure Your Mortgage with Butler Mortgage

For a safe and reliable mortgage process, trust the individuals at Butler Mortgage. We’ve worked with first-time and seasoned buyers in Florida for more than 25 years and are proud to expand our services to Georgia. Call 407-931-3800 or fill out our free online consultation form to get started today.

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