Sentences with phrase «wiring real funds»

In this scam lawyers will be duped into wiring real funds from their trust accounts after depositing a fake cheque received as payment from the purchaser (who is part of the fraud).

In this scam lawyers will be duped into wiring real funds from their trust accounts after depositing a fake cheque received as payment from the debtor (who is part of the fraud).

Not exact matches

DALLAS --(BUSINESS WIRE)-- NexPoint Credit Strategies Fund (NYSE: NHF) announced today a plan to separate its business into two separate and independent publicly traded companies: NexPoint Credit Strategies Fund («NHF»), which will continue to operate as a non-diversified, closed - end investment company; and NexPoint Residential Trust, Inc. («NXRT»), which will acquire, own, operate and selectively develop multifamily real property.

A wire is a real - time method of transferring immediate funds and supporting information between two financial institutions and is relatively expensive to use.

To fund your account and start trading with real money, you can use debit card, ACH or wire transfer.

Instances are becoming more common in which criminals hack into real estate professionals» emails and send messages to their clients asking for down payment funds to be wired to a fraudulent account.

You get an e-mail from your real estate agent or from the title company, requesting funds to be wired to an account for settlement.

The hacker will then send an email pretending to be the buyer, seller, real estate agent or someone else involved in the closing process and say there has been a last minute change and provide new wiring instructions; the instructions send the closing costs funds directly into the hacker's bank account.

We strongly recommend that before you wire any funds to any party (including your own lawyer, real estate broker or title agent whom you know to be involved in your transaction) that you personally call them to verify the wire instructions (you should confirm the ABA routing number or SWIFT code and the credit account number).

In fact, Sam tells his real estate clients to beware of wire fraud and has them check and double - check the wire instructions before sending funds.

Wiring funds for real estate transactions needs to be encrypted.