2 thoughts on “Trust Account Scams Continue

  1. Thanks for these posts, Mike. We see similar scams all around the country on a daily basis. It’s nice most of these are being detected and that everyone is being vigilant, however I have yet to see what steps an attorney should take once the scam is discovered (even it if was prevented). As you point out in scenario #3 “So, it appears that either the realtor, Firm, or Seller’s attorney has been breached.” Once you know there has been a breach, what steps can (MUST?) an attorney take to protect the client funds they are handling? What obligation is there to notify the realtor, other attorney or clients?

    Like

Comments are closed.