this post was submitted on 11 Nov 2024
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Instead of celebrating a closing, some US home buyers lost everything.

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[–] shoulderoforion@fedia.io 53 points 1 week ago (10 children)

Insert Nigerian scam joke here.

"To seize large down payments on homes, Ayeni and co-conspirators sent phishing emails to US title companies, real estate agents, and real estate attorneys."

How are these professionals not ultimately responsible in making the consumer, who seems to have done nothing wrong but trust state licensed companies and real estate individuals, whole?

[–] WantsToPetYourKitty@lemmy.world 27 points 1 week ago (2 children)

Always call the closing attorney's office before initiating the wire transfer on closing day. Back when I closed, I called their office and did a read-back on the wire information they had sent to make sure it was genuine. Once that money is wired there's no take-backs

[–] ColeSloth@discuss.tchncs.de 6 points 1 week ago

Well the article plainly states that half the wire transfers were able to be reversed/taken back....

[–] AdamEatsAss@lemmy.world 6 points 1 week ago (1 children)

When I closed last year they refused to give any wire details in writing and told us so multiple times.

Wait, really? I would go to a different title company then, you don't have to go with the one your real estate agent or the seller happen to like, pick one you're comfortable with.

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