In this article, posted by The Denver Channel we learn that home buyers James and Candace Butcher lost over $272,000 as a down payment on their new home located at 41467 Sunny Farm Circle in Parker.

“They say that during the negotiation, inspection and closing process, the defendants routinely sent sensitive financial information through non-secure email, violating their own and industry guidelines.”  The home buyers filed suit against Wells Fargo Bank, Land Title Guarantee Co., Envoy Mortgage Ltd., Kentwood Real Estate Services LLC and realtor Karen Porras, alleging that none of them did enough to protect sensitive financial information.

This is more proof that everyone involved in a real estate transaction MUST utilize encrypted email to secure sensitive consumer information.

The original article can be viewed HERE.