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Item 20 - Exchange of Real Property
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10/04/2022 Special and Regular
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Item 20 - Exchange of Real Property
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4/3/2024 12:21:33 PM
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8/14/2023 12:28:42 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
20
Date
10/4/2022
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`I R E SAFE Inquire fanfare you wire! <br />Wire Fraud Alert <br />This Notice is not intended to provide legal or professional advice. If you have any questions, please consult with a lawyer. <br />All parties to a real estate transaction are targets for wire fraud and many have lost hundreds of thousands of dollars <br />because they simply relied on the wire instructions received via email, without further verification. If funds are to be <br />wired in conjunction with this real estate transaction, we strongly recommend verbal verification of wire <br />instructions through a known, trusted phone number prior to sending funds. <br />In addition, the following non-exclusive self-protection strategies are recommended to minimize exposure to possible wire <br />fraud. <br />• NEVER RELY on emails purporting to change wire instructions. Parties to a transaction rarely change wire <br />instructions in the course of a transaction. <br />• ALWAYS VERIFY wire instructions, specifically the ABA routing number and account number, by calling the party <br />who sent the instructions to you. DO NOT use the phone number provided in the email containing the instructions, <br />use phone numbers you have called before or can otherwise verify. Obtain the phone number of relevant <br />parties to the transaction as soon as an escrow account is opened. DO NOT send an email to verify as the <br />email address may be incorrect or the email may be intercepted by the fraudster. <br />• USE COMPLEX EMAIL PASSWORDS that employ a combination of mixed case, numbers, and symbols. Make <br />your passwords greater than eight (8) characters. Also, change your password often and do NOT reuse the same <br />password for other online accounts. <br />• USE MULTI -FACTOR AUTHENTICATION for email accounts. Your email provider or IT staff may have specific <br />instructions on how to implement this feature. <br />For more information on wire -fraud scams or to report an incident, please refer to the following links: <br />Federal Bureau of Investigation: <br />http://www.fbL_gov <br />Wire Fraud Alert <br />Original Effective Date: 5/11/2017 <br />Current Version Date: 5/11/2017 <br />Internet Crime Complaint Center. <br />http://www.ic3._qov <br />Page 1 <br />WIRE0016 (DSI Rev. 12/07/17) <br />TM and © Fidelity National Financial, Inc. and/or an affiliate. All rights reserved <br />
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