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

Housing Wire

One of the advancements this year has been the adoption of new technology platforms like chatGPT, using AI to mimic somebody’s voice to spoof phone numbers. And that’s all publicly available technology now. And then they will impersonate the property owner. And the seller net proceeds continue to be a target.

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Remote online notarization is the proper path forward for digital closings

Housing Wire

The strong standards in the bill are important to prevent fraud and offer consumers a more secure alternative rather than simply using free online audio-audio technology when buying property or refinancing a mortgage. In real estate transactions, notarizations must provide certainty for property transfer.

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WFG reduces time and cost in real estate transactions

Housing Wire

By focusing on its clients and their processes, WFG helps compress the time required to close a loan and/or transfer real property ownership. That, plus challenges with capacity, as well as technology integration and implementation, continue to inform WFG as we develop new solutions that address our customers’ needs.”

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Tell-Tale Signs You Should Hire a Specialist in Real Property Management – Columbus, Ohio

The Robert Weiler Company

Let’s face it, property management is a long-term ordeal, and not everyone has the time to perform real property management – you are not alone. Maintaining and running a property can quickly become overwhelming. If so, they may be signs that you need help from an on-site property manager for hire!

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

Housing Wire

The property is then listed, typically below market value to generate interest in the listing. When it comes to close on the sale of the property the scammer will request a remote notary signing. The scammer then impersonates the notary and returns falsified documents to the title firm or closing attorney involved in the transaction.

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How to Become a Real Estate Agent in Illinois (IL) in 5 Steps

Housing Wire

You’ll be better positioned to become established in the industry by having this support early on in your real estate career. You will also be required to upload proof of your Attorney Registration and Disciplinary Commission (ARDC) registration document to your Online Services Portal account profile.

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Creativity, AI Help Boost Fraud Risk in Real Estate

Will Springer Realtor

The world of residential real estate can be a fast-paced business, where deals are struck, fortunes made … and danger potentially lurks just below the surface. It’s not exactly new: Hackers have been targeting American consumers as well as real estate professionals for many years in an attempt to steal money. mail and other means.