Tag: split closings

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Virginia Bans Split Closings

Written by Kimberly Gentile on 2022-02-04.

The Virginia Bureau of Insurance today announced in an administrative letter that it has effectively banned split closings, which is an industry term for a practice where closing services are divided between two or more settlement agents.In...

Split Closings: Vulnerable To Wire Fraud

Written by Kimberly Gentile on 2021-12-14.

Cybercriminals look for easy targets to make their move, and split closings or split settlements are a fantastic way for cybercriminals to steal wired transactions. According to the American Land Title Association, there has been an increase...

Seller-Side “Split” Closings

Written by Federal Title on 2017-12-14.

Beginning January 1, 2018, Federal Title & Escrow Company will be performing Seller-Side “Split” Closings; a new service to sellers and past clients. What is a Seller-Side “Split” Closing? In the DC Metro area, because the buyer pays...

Split closings are (almost) never a good idea

Written by Federal Title on 2014-03-13.

The other day I handled a split closing – the buyer used Federal Title & Escrow Company and the seller used another title company – and things did not go so smoothly. A closing already has many different parties involved: buyers, sellers,...

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Tag: split closings

Virginia Bans Split Closings

Split Closings: Vulnerable To Wire Fraud

Seller-Side “Split” Closings

Split closings are (almost) never a good idea

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