Within the last week, 2 title companies in Santa Barbara have reported attempted wire fraud. According to a local escrow company, "The fraudster falsely informed the buyer that there was a change in the wire instructions, and followed up with a text message to the buyer.
Below are 3 great tips from California Association of Realtors to avoid falling victim to wire fraud. The most important thing to remember is that wire instructions rarely change. If you receive an email stating the wiring information has changed, then call your escrow officer immediately to confirm the information that you received.