Protecting Yourself from Fraud in a Commercial Real Estate Transaction img

Protecting Yourself from Fraud in a Commercial Real Estate Transaction

calender icon 9/19/2022    poster icon  Mark Goodman

Every time you engage in a commercial real estate transaction you are susceptible to fraud. Scammers are constantly developing new schemes to get your money. However, with a few simple preventative measures, you can protect yourself from fraud during your commercial real estate transaction. In this article, we are going to offer a few reminders for how to protect yourself from fraud in a commercial real estate transaction.

Make Sure the Website You’re Visiting is Secure

If you are sending any personal information (contact information, bank routing numbers, credit card info, etc.) through a website, make sure the website is secure. An easy way to check is by looking at the URL bar when you’re visiting a website. If the URL starts with “https” (rather than http), that means any data transmitted through the site is encrypted. Do not, under any circumstances, provide any personal information via a site without the “https” designation.

Always Be Suspicious of Email

Email phishing scams are perhaps the most popular fraud tactics in the realm of commercial real estate. Scammers can make it look like you are receiving an email from someone you know and ask you to provide personal information. Typically, you should always be suspicious of sending financial information via email. If you do have to send something via email, always call the person on the receiving end to ensure you are doing so properly and safely.

Get Help With Your Commercial Transaction

If you are struggling trying to find help with your commercial real estate transaction, you’ve come to the right place. The team at Commercial Partners Title has been facilitating commercial transactions for decades. We have built up a reputation in the industry as experts in the field of commercial transactions. Contact us today to discuss the details of your commercial real estate transaction. Our office is located in the heart of downtown Minneapolis, but we serve the entire state of Minnesota and more!