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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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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. Sellers must be prepared for complete transparency and to provide the innermost details of their company.

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Maintain that Workfile

Appraisal Buzz

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

Appraisal 417
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Remote online notarization is the proper path forward for digital closings

Housing Wire

Earlier this year, Fannie Mae and Freddie Mac modified their Seller Guides and provided guidance on several policy areas to support mortgage originations. In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral.

Law 431
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Texas Real Estate Contracts and Addendums: A Guide for Home Sellers and Buyers

Listing Spark

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. As a seller, this can help to ensure that buyers have the actual cash they are claiming they have.

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Creativity, AI Help Boost Fraud Risk in Real Estate

Will Springer Realtor

One scheme growing in popularity involves “title pirates,” fake sellers who convince a buyer, real estate agent and/or title company that the “sellers” own a property and want to get rid of it quickly. Greater measures are being taken to prevent the illegal sale of properties. mail and other means.

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Real Estate Risk Management: Putting Clients’ Interests First

McKissock

This includes referral fees or financial benefits for recommending real estate products and services to the client, like mortgage financing, warranty programs, homeowner’s insurance, title insurance, etc. This includes “opinions of real property value or price.” Documents and funds must be protected.