Closinglock, now with $12M, wants to prevent the 1 in 10 real estate transactions targeted for fraud

Closinglock, now with $12M, wants to prevent the 1 in 10 real estate transactions targeted for fraud

TechCrunch·2024-02-09 20:05

Buying a home is a big step, as is handing over a large chunk of cash in order to do it.

Depending on the title company, real estate transactions like this are done on paper with a check or through electronic wire transfer. While that is more convenient, one wrong number — or one spoof email — can send those tens or hundreds of thousands of dollars in the wrong direction.

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