Title Insurance for Commercial Transactions The sale of commercial real estate can be a complex process. Still, title insurance plays an important role in the transaction. While commercial transactions are similar to residential transactions, commercial transactions generally involve a larger financial investment. Complex ownership structures, use, and deeper research are needed to ensure the interests are conveyed properly. Below, we outline the basics of title
Do I Need Title Insurance for Commercial Transactions?
October 31, 2018 / Categories: Commercial Real EstateWho is Responsible for Wire Fraud?
October 25, 2018 / Categories: Cybersecurity & Wire FraudRealtors, Title Companies, Lenders Who is responsible for wire fraud? This is a warning to realtors, title company and lenders. You could be on the hook for wire fraud. A white paper released by identity management company CertifID, analyzed a recent court ruling that increased the standard of care owed by transaction participants to prevent wire fraud losses. The Court Case: Bain v. Platinum Realty
Learn The Dangers of Telephone Spoofing
October 15, 2018 / Categories: Cybersecurity & Wire FraudDangers of Telephone Spoofing The dangers of telephone spoofing are real! You’ve read the warnings: “Don’t wire funds in response to an email without using call-back procedures!” In other words, call the party who appears to have sent the email at a known, safe phone number and confirm that they actually sent the email. Well, what happens if you receive a phone call from your
Learn About Developing Hack Proof Passwords
October 9, 2018 / Categories: Cybersecurity & Wire FraudDeveloping a Hack Proof Password With all the publicity about cyber fraud, many people are rethinking their online security and trying to develop a hacker-proof password. But is there really such a thing as “hacker-proof”? At the very least, you can lengthen the odds that anyone would get access to your email, your bank account, your credit card information and your online business accounts. Here’s
A Scary New Twist on Wire Fraud
October 9, 2018 / Categories: Cybersecurity & Wire FraudThere is a scary new twist on wire fraud. Over the past few years, settlement professionals have become targets for fraud. They are responsible for large sums of money which they are responsible for disbursing in the course of closing real estate transactions. Naturally, these schemes to divert funds continue and losses to the parties involved are often devastating. How the Scheme Works Here’s how this