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Real Estate Lawyers Beware

Kurt LeVitus, a Chicago attorney, recently warned real estate lawyer colleagues to watch out for scams targeting their area of practice on the ISBA's online Elder Law Section discussion group. An article penned by Helen W. Gunnarsson about this topic reads:

“At the end of the closing in a lawyer's office, the lawyer hands the seller a check for the sale proceeds. The seller leaves the office, but, a few minutes or a few hours later, returns and asks if the lawyer can wire the money to the seller's bank account instead. The unsuspecting lawyer agrees, whereupon the seller returns the original check. The lawyer then orders the wire transfer from her bank to the seller's account.”

Read the entire article “New scams target real estate lawyers" here.

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