Title Insurance for Commercial Transactions

by: tim_eckert

October 31, 2018 / Categories: Commercial Real Estate, Realtor

Title Insurance for Commercial Transactions The sale and financing of commercial real estate can be a complex process and title insurance plays an important role in the transaction. While commercial transactions are similar to residential transactions because they involve the transfer of property from one party to another, commercial transactions generally involve a larger financial investment, complex ownership entities and use, and more extensive research

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Realtors, Title Companies, Lenders Could be on Hook for Wire Fraud

by: tim_eckert

October 25, 2018 / Categories: Cybersecurity & Wire Fraud, Realtor

Realtors, Title Companies, Lenders Could be on Hook for Wire Fraud A white paper released by identity management company CertifID, analyzed a recent court ruling that heightened the standard of care owed by transaction participants to prevent wire fraud losses. According to the white paper “Wire Fraud Is Everyone’s Problem” written by CertifID founder and CEO Thomas Cronkright II, the ruling in Bain v. Platinum Realty

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Dangers of Telephone Spoofing

by: tim_eckert

October 15, 2018 / Categories: Commercial Real Estate, Cybersecurity & Wire Fraud, Realtor, Residential

Dangers of Telephone Spoofing 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 intended funds recipient, asking that you wire

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How to Develop Hack Proof Passwords

by: tim_eckert

October 09, 2018 / Categories: Builders, Commercial Real Estate, Cybersecurity & Wire Fraud, Realtor, Residential

How to Develop Hack Proof Passwords With all the publicity about cyber fraud, many people are rethinking their online security and trying to come up with hacker-proof passwords. 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

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New Twist on Wire Fraud

by: tim_eckert

October 09, 2018 / Categories: Commercial Real Estate, Cybersecurity & Wire Fraud, Realtor, Residential

New Twist on Wire Fraud Over the past few years, settlement professionals have increasingly become targets for fraudsters due to the large sums of money they are responsible for disbursing in the course of closing real estate transactions. These fraudulent schemes to divert funds continue and losses to the parties involved are often devastating. In the classic scheme, the closing professional receives an email that provides

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