Escrow Out Loud: San Francisco Real Estate

When a wealthy Nigerian man emails us asking for a million dollar loan, we can safely assume we are being scammed. But not all scams are as easy to spot. This week on Escrow Out Loud, our San Francisco Real Estate podcast, we talk about online scams and fraud.[02:02] Bank robbing is risky and often not very lucrative, cybercrime on the other hand can not only be performed remotely but it typically also has a much larger payoff. With the huge figures attached to San Francisco real estate deals and money being wired from buyers to title companies to sellers, is it any wonder it has become an area of interest for sophisticated online scammers. Their goal is often to hack into the email accounts involved in the transaction. That’s a problem. Why? Because we can’t always tell if our e-mail (or anyone else's who’s involved) has been hacked![04:34] One way they can then get a hold of our money is by sending fake wiring instructions. Title companies, banks and other companies attacked have beefed up their securi