Real Estate Closing Scam To Look Out For

The Illinois Bar Journal warns real estate lawyers about a scam that happens at the end of a real-estate closing, after the seller is given a check for the property. The seller leaves, then returns shortly after and asks that the money be wired instead.  If the lawyer agrees, the seller gives the check back to the lawyer, who destroys or cancels it. But here's what's happened in the meantime -- the seller has already deposited the check mobile deposit app by taking a photo of it with a smartphone.  Unwittingly, the lawyer has facilitated the seller's being paid twice.  Lawyers in Illinois and Florida have reported the scam so far.

HT:  ABA Journal