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Wire Fraud Alert

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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

Santa Clara County California is home to one of Fidelity National Title Group’s most dynamic title brands and real estate teams. Chicago Title Santa Clara serves the residential and commercial real estate industry. Our offices are strategically located throughout Santa Clara County, and includes teams that live and work in the area.
 
Our team of professionals works 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 attorneys that work alongside them. In addition to our commitment to the residents of Santa Clara County, 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 Newsdesk.
 


The Latest Articles From the Newsdesk:

A Strapped Consumer = A Slowing Economy
...by the rise in delinquencies). Who would be refinancing their home at mortgage rates above 7% unless they had to? · Housing, a large contributor to GDP and economic activity in general, appears...

Phantom Debt & BNPL: What New Regulations Mean For Pay Later Industry
...banks to tighten their lending criteria, compounding the challenges consumers face. As mortgage rates surge—recently topping 7% due to the steady rise in the 10-year Treasury yield—the disparity...

What is the Nobel Prize and how do you win one? Peace Prize and more explained.
The coveted Nobel Prizes are announced annually, and last year's lineup featured several American winners. A Harvard economics professor won, as well as University of Pennsylvania researchers for...

Connecting The Dots
am EDT Various members of the Federal Reserve have been out in force on the speaking circuit, offering their updated assessments of inflation and the economy. Following three disappointing,...

Five Ways Public Equity’s Rebound Will Change The Industry
am EDT Nick Leopard, Founder & CEO, Accordion. The “most anticipated recession in history that hasn’t happened yet” still hasn’t happened. What’s more, it looks like the long-projected 2023-2024...

Higher Interest Rates, Inflation And Your Retirement
...now, simply because of inflation. Borrowing may also be more difficult as mortgage rates remain higher, and this remains true if you’re a business, so growth may slow slightly. And while bond...

Fed officials aren’t easing Wall Street’s nerves
Washington CNN  —  Earlier this week, some officials at the Federal Reserve said they’re no longer worried about inflation reaccelerating, after data showed that progress stalled in the first...

Analysis Fed Worries If Current Rates Are Enough to Tame Inflation Erika Morphy On the other hand, economic data released after the meeting took place suggest the economy may be slowing.
Federal Reserve officials made clear they are still worried about the still-elevated levels of inflation according to the minutes from the April 30-May 1 policy meeting of the Federal Open Market...

No, We're Not In A Recession—But Here's Why Many Americans Feel Like We Are
pm EDT Topline More than half of Americans believe that we are in a recession, according to a survey released Wednesday, the latest evidence of the dissonance between the fairly rosy economic...

First-time homebuyers aren't buying until mortgage rates drop. It could be a long wait.
...the market until interest rates drop. Prospective homeowners sit at an impasse. Mortgage rates are not particularly high, at least in a historical sense: Roughly 7.5%, on a 30-year fixed-rate...