Tag: mortgage fraud

Wire fraud risk increases before long weekends: First American fraud bulletin

Written by Federal Title on 2022-05-26.

The Friday before a holiday weekend represents an exponentially higher risk for falling victim to wire fraud, according to a bulletin we received from First American. The bulletin goes on the say:Criminals know our business and have learned...

Help! My funds are being withheld

Written by Federal Title on 2020-09-10.

Just this morning we received an inquiry from a seller who discovered an old home equity line of credit was still open from a bank that had since merged several times.The seller had no paperwork for such a loan or any recollection of taking...

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

Written by Federal Title on 2020-08-18.

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...

The HELOC scam is a bigger threat during COVID-19 pandemic

Written by Federal Title on 2020-07-31.

The seller walked away with nearly $90,000, and the buyer was left holding the bag.One of the most common types of claims we’ve paid out is due to the HELOC scam. With pandemic delaying government services, now is an especially vulnerable...

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Tag: mortgage fraud

Wire fraud risk increases before long weekends: First American fraud bulletin

Help! My funds are being withheld

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

The HELOC scam is a bigger threat during COVID-19 pandemic

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