fraud · Federal Title & Escrow Company

Couple pays over $20,000 after waiving owner’s protection

Written by Federal Title on August 18, 2020.

We had a couple waive an owner’s policy that would have cost $815. They’ve spent near $20,000 in attorney fees defending title to their home. The seller sat across from them and signed closing documents. He brought a notarized Power...

Wire Fraud is on the Rise

Written by Federal Title on July 12, 2017.

In the digital era, fraudsters have upped their game to attempt to steal, connive, and deceive. A lucrative target for criminals is now the real estate industry at large. All parties involved in a real estate transaction must take extra steps...

What is two-factor authentication, and why is it important for your real estate business?

Written by Nikki Smith on February 24, 2017.

We’ve noticed an uptick in agent email addresses that have been compromised by cyber criminals with the intent of defrauding home buyers, sellers and title companies – and most agents are totally unaware when we tell them. The emails we’ve...

Owner’s title insurance: Seller fraud and HELOCs

Written by Guest on May 21, 2012.

Part 5 of a series During our 16 years of business Federal Title has, on three separate transactions, paid out claims on owner’s title insurance policies due to a seller committing fraud by securing a home equity line of credit (HELOC) immediately...

$25B settlement means mortgage help for servicemembers, veterans

Written by Guest on March 27, 2012.

The Justice Department announced it had reached a $25 billion settlement with the nation’s five largest banks (Wells Fargo, Citigroup, Ally, JP Morgan Chase and Bank of America) and 49 states regarding nationwide mortgage fraud last month. In...

Understand mortgage fraud to avoid it

Written by Guest on August 17, 2011.

Mortgage fraud investigations have skyrocketed since the financial crisis began in 2008, and a recent report released by the FBI’s white collar crimes division indicates the number of investigations has steadily increased in the years...

Debunking common excuses for waiving title insurance

Written by Guest on March 11, 2010.

With the growing concerns over foreclosures, unpaid taxes, bankruptcies and clouds on title, the need for title insurance is at an all time high. And yet every year a handful of purchasers waive their opportunity to purchase an Owner’s Title...

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Tag: fraud

Couple pays over $20,000 after waiving owner’s protection

Wire Fraud is on the Rise

What is two-factor authentication, and why is it important for your real estate business?

$25B settlement means mortgage help for servicemembers, veterans

Understand mortgage fraud to avoid it

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DC Tax Abatement Income, Purchase Price Thresholds Increase

Without title insurance, new homeowner pays special assessment

How to scan your closing documents when you don’t have a scanner