Legal Question in Real Estate Law in Illinois
How do I go about suing the Title Company who did not encrypt account information allowing a hacker to intercept the email and divert the wire transfer of funds for a real estate closing to a different account in San Francisco. The hacker even sent emails to the attorney indicating that the closing would be delayed due to the illness of the buyer?
2 Answers from Attorneys
You will want to discuss this situation with your real estate attorney. If you have not already hired one, now would be the time.
You have fallen victim to one of the recent scams being perpetrated on title companies and real estate closing attorneys. It is unlikely that you will be able to have a plan for litigation and the outlook for success covered on a site like this and, more importantly, it would be a bad idea to discuss the case in a public forum like this. You would need to arrange a consultation to better evaluate the circumstances. Has the title company discussed options with you to resolve the case?
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