Residential

Hackers impersonating mortgage and title staffers in wealthy Texas suburb to steal down payments

Hackers are posing mortgage and title insurance company employees in order to steal the down payments of homebuyers in one of the wealthiest cities in the country.

Police in Southlake, Texas, a suburb of the Dallas/Ft. Worth Metroplex and the fourth wealthiest city in the U.S., based on data from the Census Bureau, issued a warning this week about scammers who are hacking into the email accounts of real estate professionals and then pose as title company employees in order to steal a homebuyer’s down payment.

Read Article at HousingWire.com

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