
You wire the money, but your attorney never receives the funds. What happened? Real estate wire fraud.
It's been a problem for years, but the pandemic worsened it.
![]() You’re just a few days away from closing on your new home. You receive and email from your attorney’s paralegal with directions for wiring your down payment and closing costs. You wire the money, but your attorney never receives the funds. What happened? Real estate wire fraud. It's been a problem for years, but the pandemic worsened it. ![]() According to the Washington Post. title companies report that more than one-third of all real estate transactions they take on must undergo “extraordinary work” to address and fix title issues. Over one-third! That means title companies examine public records, researching as far back as 50 years, to look for past wills, deeds, trusts, bankruptcy filings, tax records, and even court judgments. Their purpose? ![]() Selling a home by owner is certainly appealing. The biggest draw for FSBOs --for sale by owner--is that the seller saves on paying a commission to a realtor but is it worth it? ![]() It might seem like a good idea to buy a home at auction. But the truth is there are many obstacles to consider before taking this route. Just because a house is for sale at auction doesn’t necessarily mean you’ll purchase it for a good price. |
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