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BUYERDOCS

77 Facts About Cybercrime from ValueWalk

77 Facts About Cybercrime from ValueWalk

ValueWalk may generously provide the public with “77 Facts About Cybercrime” but they’re also here to teach us about “Cybercrime and How to Prevent It.” Here at BuyerDocs, we’d like to focus on what we consider the 2 most pertinent facts ValueWalk shares.

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arizona

BuyerDocs wants to save your real estate clients from wire fraud

BuyerDocs‘ value is in its minimal use of email to send and manage wiring instructions. The software is managed by a Master Admin at a title company who controls everything, including the number of admin accounts created for individual title agents.

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marketsinsider

BuyerDocs to rescue real estate from wire fraud

With wire fraud stealing approximately $1 billion from the real estate industry in 2017 alone, BuyerDocs https://buyerdocs.com is here to facilitate the safe and worry-free transfer of documents between title companies and home buyers.

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stlnews

BuyerDocs to rescue real estate from wire fraud

BuyerDocs was created specifically for title companies, home buyers, and real estate agents who want to ensure down payment monies are not lost through hacking, phishing, imposter, or spoofing scams.

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prnewswire

BuyerDocs to rescue real estate from wire fraud

Home buyers have no chance of losing their down payment, real estate agents no longer lose their commission, and title companies are viewed as secure and reliable. BuyerDocs is an Austin-based company with the goal of eliminating wire fraud.

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The Truths About Proprietary Systems for Title Companies

The Truths About Proprietary Systems for Title Companies

When explaining BuyerDocs to title companies, I often hear “we already have a secured proprietary system” for sharing wire instructions with home buyers and lenders. However, most people are unaware of the dangers of proprietary systems and how they are MORE vulnerable to security holes and thus hackers.

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encrypted_email_white_paper

The Myths, Dangers, and Risks of Encrypted Email in Real Estate

Title companies are increasingly turning to encrypted/secured email to protect their buyers from wire fraud. Unfortunately, encrypted/secured emails can do nothing to prevent the biggest threats that are defrauding home buyers.

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realdaily

BuyerDocs could save consumers (and brokers) bajillions

BuyerDocs aims to remove wire fraud from residential real estate by securing document delivery for home buyers.

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realdaily_2

Couple sues real estate agent, title co, bank over wire fraud #WatchOut

[W]e’ve uncovered a brand new real estate tech startup that is dedicated to solving this problem. ... Because [BuyerDocs] is brand new, it’s not yet the industry standard, but it truly should be.

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press

Press Release

With wire fraud stealing millions of dollars from the real estate industry each year, BuyerDocs is here to facilitate the safe and worry-free transfer of documents between title companies and residential and commercial buyers.

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WIRE FRAUD

akron

Mortgage title scam almost costs homebuyer tens of thousands of dollars

We’ve heard of scams that often cost victims hundreds or thousands of dollars, which is bad enough. But a mortgage title scam that almost victimized an Akron-area man could have cost him what could have been a life savings for many...

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abc7chicago

Wired Away: Couple loses life savings during home purchase

The I-Team has a warning after a local couple's life savings vanished. They lost more than $300,000 during the purchase of their dream home in a scam that could happen to anyone. There's very little homebuyers can do to protect themselves...

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therealdeal

FBI: Home buyers’ billion-dollar scam problem getting worse

According to new data provided for this column by the FBI, in fiscal year 2017, nearly $1 billion ($969 million) was “diverted or attempted to be diverted” from real estate purchase transactions, and wired to “criminally controlled” accounts.

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Internet scammers are now infiltrating housing market on closing day...

CNBC's Diana Olick takes a look at how some digital schemers have been able to target real estate agents, title companies and homebuyers with fraudulent emails in an attempt to divert down payment money to other accounts.

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nerdwallet

Stop Scammers From Stealing Your Down Payment

A hot new scam targets home buyers: down payment wire fraud. Hackers send bogus emails, telling buyers where to wire the down payment money. The stolen money disappears. The home buyer ends up with an empty bank account and a broken heart.

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nbc

Consumer Alert: Mortgage Phishing Robbing Home Buyers of Life Savings

It starts with an email to home buyers about wiring a final payment; then scammers intercept and take it all. NBC Nightly News’ Jo Ling Kent explains how to prevent this from happening to you.

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rismedia

The Latest Evolution of Real Estate Wire Fraud

Most articles about real estate fraud have focused on the same scenario: hackers breaking into professionals’ email accounts to learn about upcoming transactions, then emailing the buyer to wire money to the hacker’s account.

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jbgoodwin

How to Prevent Real Estate Wire Transfer Fraud

Imagine that you've just found your dream home. You've agreed on terms and you've signed a purchase contract. You're sent an email with wire transfer instructions, and you send off the money, knowing you're only a few steps away from owning your new home.

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nar

Urgent Alert: Sophisticated Email Scams Targeting the Real Estate Industry

Criminals are hacking into the email accounts of real estate agents or other persons involved in a real estate transaction and using information gained from the hack to dupe a party into a fraudulent wire transfer. The hackers often send an email that appears...

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nar2

ALERT: Wire Fraudsters Targeting Real Estate Transactions

In recent months, real estate professionals have reported an upswing in a particularly insidious wire scam. A hacker will break into a licensee’s e-mail account to obtain information about upcoming real estate transactions.

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