Beware Cyber-Fraud Targeting Homeowners This Holiday Season

In a recent report by ABC 7, homeowners, Jimmy and Jackie Moore, fell victim to the latest cyber-fraud scheme, losing everything. A day prior to their home's closing, a new email was sent to the homeowners' real estate attorney. This email indicated that the attorney was to now use a different bank and account number when wiring over the homeowners' deposit and closing costs.

Although they verified the change with their real estate attorney, it was later revealed that the attorney had never contacted the title company to do the same. Thus, the Moore's faced over six-figures in damages. Once ABC 7's team joined the Moore's effort to reclaim their lost money, they managed to return just a little over 25%. This leaves the attorney and the title company to split the difference on the remaining payout.

But fortunately, instances like this one can be easily avoided. Cambridge Title Company works closely with its legal partners, ensuring clear-cut communication throughout the process of closing homes. For additional information on a title company you can trust, please contact Cambridge Title Company by calling 224-330-1886 or by sending an email to info@cambridgetitleco.com.