As we approach St. Patrick’s Day, it’s a good reminder to stay on guard against all types of fraud – especially the kind that could rob you of your hard-earned money or assets, like a thieving leprechaun! As we settle into 2025, many of us are positioning ambitious goals for business growth, personal development, and strengthening client relationships. While pursuing these goals, it’s important not to let your guard down when it comes to fraud prevention. Fraudsters are continuously evolving their tactics, and it’s essential to stay vigilant to avoid falling victim to scams.
Unfortunately, fraud is showing no signs of slowing down. Criminals are constantly adapting and targeting vulnerable individuals with sophisticated schemes. One common area of concern in real estate transactions is wire fraud. If you haven’t already, take a moment to review our “best practices” page for preventing scams when wiring funds for closing. ADD LINK
Another growing concern is mail and check fraud. Criminals are intercepting mail, altering checks, and depositing them into fraudulent accounts. To avoid falling victim to this, consider hand-delivering or picking up checks when possible, or wiring funds while ensuring that you follow all necessary wire precautions. If it’s been two weeks since a check was expected and you haven’t received it, don’t hesitate to contact our office so we can help investigate further.
Seller fraud is another major issue to be aware of. Properties at higher risk include vacant lots, unmortgaged homes, and investment properties. When dealing with these types of properties, always trust your instincts and proceed with caution – never doubt yourself! Educating yourself and others on spotting potential red flags and recognizing suspicious behavior can save you from serious financial loss. At Jackson Law, we have implemented a Seller identity check, that every seller closing through our office must successfully complete and pass before we can close the transaction. This third-party verification process is quick, easy, safe, and secure, and helps you Rest Easy knowing we are actively taking steps to help prevent fraudulent transactions from occurring.
Additionally, most counties in North Carolina have implemented a fraud detection service through the county Register of Deeds. This service may not prevent fraud outright, but it can provide an early warning system if a document is filed in your name. To access this service, check the link below to find your county’s fraud detection page, or reach out to the Register of Deeds office directly. https://www.ncard.us/wp-content/uploads/2025/01/fraud-alert-document.pdf
Staying informed and cautious today could save you from significant losses tomorrow. Protect your gold in 2025!
