According to the Federal Bureau of Investigation, criminals attempted to divert more than $90 billion in wire fraud transfers between June 2016 and December 2018. These “trick and transfer” scams are at the center of Business Email Compromise (BEC) epidemic that threatens nearly all businesses in the United States. The real estate sector has become a prime target for cyber perpetrators, and everyone in a
Is Title Insurance Necessary During a Refinance?
May 09, 2019 / Categories: Realtor, ResidentialIs Title Insurance Necessary During a Refinance? Homeowners look to refinance their home loans for a number of reasons; to take advantage of a lower interest rate, eliminate Private Mortgage Insurance (PMI) or to cash out a portion of their home’s equity. No matter what the reason you are looking to refinance it is important to know that your lender will still likely require you
May News Brief
May 07, 2019 / Categories: Commercial Real Estate, Cybersecurity & Wire Fraud, Realtor, ResidentialMay News Brief The Landmark Abstract News Brief is a roundup of noteworthy articles from both the residential and commercial title industry. The May News Brief features several different articles on both the commercial and residential real estate industry. Use the link below to review the May News Brief. News Brief – May 2019 Some of the articles contained within include: BEC Scams Cost $1.2
5 Mortgage Closing Terms Every Buyer Should Know
April 17, 2019 / Categories: Realtor, Residential, UncategorizedBuying a home is one of the biggest purchases you will ever make in your life. Most buyers will need to work with a lender to obtain a mortgage to ensure they are able to make this purchase. Your lender and settlement company will work together to make sure your settlement goes smoothly. When it comes to the closing process, it is a good idea
What Is Title Insurance?
April 08, 2019 / Categories: Realtor, ResidentialWhat Is Title Insurance? As real estate is the nation’s largest market, its purchase and sale are essential to the health of the U.S. economy. However, these transactions are never without risk. That’s why title insurance has been protecting American homeowners for more than 130 years. Overview When a piece of real property is financed, purchased or sold, a record of that transaction is generally filed