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Hacker gets 10 years for stealing $20M in home buyers’ down payments (arstechnica.com)

submitted 6 days ago by shoulderoforion@fedia.io to c/technology@lemmy.world

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Instead of celebrating a closing, some US home buyers lost everything.

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[–] WantsToPetYourKitty@lemmy.world 27 points 6 days ago (2 children)

Always call the closing attorney's office before initiating the wire transfer on closing day. Back when I closed, I called their office and did a read-back on the wire information they had sent to make sure it was genuine. Once that money is wired there's no take-backs

[–] ColeSloth@discuss.tchncs.de 6 points 6 days ago

Well the article plainly states that half the wire transfers were able to be reversed/taken back....

[–] AdamEatsAss@lemmy.world 6 points 6 days ago (1 children)

When I closed last year they refused to give any wire details in writing and told us so multiple times.

[–] sugar_in_your_tea@sh.itjust.works 0 points 6 days ago

Wait, really? I would go to a different title company then, you don't have to go with the one your real estate agent or the seller happen to like, pick one you're comfortable with.