With increased fraud throughout our industry, it’s more important than ever to remain vigilant from contract to close. Thieves work around the clock testing systems, identifying weaknesses, and creating opportunities for their benefit, and to the detriment of others. Using email, social media, websites, and phone calls, their objective is to obtain private information, like a username and password. Once obtained, they use that private information, through social engineering and other criminal techniques to enrich themselves. The good news is you can protect yourself from becoming a victim through education and vigilance.
Behind all real estate transactions there’s a lot of money moving around. This is why title agencies and other companies that hold escrow funds have such stringent regulations. We’re responsible for a lot of other people’s money! We believe that all people should follow sound, best practices in order to protect themselves. Even more so if you are involved in real estate transactions, directly as a buyer or seller, and in any kind of ancillary role like as a real estate agent, mortgage lender or attorney.