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The title industry’s latest cat-and-mouse game: seller impersonation fraud

Housing Wire

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots. million, according to NAR.

Sellers 358
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NAR settles commission lawsuits for $418 million

Housing Wire

According to NAR, this settlement brings an end to all of the litigation claims brought by home sellers. In addition to the damages payment, the settlement also bans NAR from establishing any sort of rules that would allow a seller’s agent to set compensation for a buyer’s agent.

Legal 539
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What is The Market?

George Dell

Perfect competition is when you have many buyers and sellers. A real property market is seldom or never perfect. A gathering or place for buying and selling things. It can be physical, or virtual, and involves at least one third party for competition. A “market” for […] The post What is The Market?

Marketing 195
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Asian real estate group, other advocates claim Florida law violates Fair Housing Act

Housing Wire

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

Law 290
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Loosening The Knot

Appraisal Buzz

Of course, this applies to the work of real estate appraisal as well. The transaction is a complex interplay between buyer and seller. Striving to look through the microscope of empirical thought, we must not forget that our subject is more than real property, it is real people.

Sellers 379
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New York Gov. Hochul signs bill giving flood risk ‘right to know’ to homebuyers

Housing Wire

Assembly Bill A1967 “requires disclosure of information concerning flood insurance on property condition disclosure statements [and] relates to liability with respect to property disclosures,” according to the bill’s official description on the New York State Assembly website.

Law 360
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How scammers are using AI to commit new fraud in real estate

Housing Wire

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. And the seller net proceeds continue to be a target.