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May 18th, 2011
Have you ever been to a specialty store, say a vitamin store, and found the person helping you saying, “I don’t take vitamins”? This doesn’t seem likely and if it did happen, you’d probably prefer to talk with a person who had actually taken the vitamins, knew the effect of the vitamins and could [...]
May 16th, 2011
The following is a case of fraud taken from our Fraud Insights newsletter for May.
Careless Whispers
An escrow officer with Chicago Title’s Skokie, Ill. office, was conducting a signing without the buyer or seller in the room. To set the stage, the signing ceremony was being conducted with both the buyer and seller’s [...]
January 28th, 2011
One of my hobbies has always been to snoop around houses for sale. When I was younger, it was to dream about what my home might some day be like. Now, I still do it for fun but also to know what is happening in our market. I’ve noticed on the rainy days, I’m not [...]
January 21st, 2011
Is your head spinning? The way people are doing business is changing so fast. It is all at once cool and potentially overwhelming. Last week at Inman News Connect in NYC, Chris Smith from Tech Savvy Agent shared that THIS year, 10-17% of your business will come via mobile devices. This means [...]
September 26th, 2010
Watch out for this one gang. As we see more short sales, this addendum may cause us all some headaches unless we understand it clearly. In the past, people have sold their homes, gotten their cash, paid their bills and moved on. Now, in the event of a short sale, there isn’t [...]
June 29th, 2010
Recently, I was reminded that closing customs & practices can vary tremendously from state to state. While I was reviewing closing documents with buyers relocating from New York, they expressed concerned about signing an “estimated” HUD, and asked when they had to come back in to sign the “final” documents.
This couple told me when they [...]
March 12th, 2010
As you know, our nation’s economy has been brought to its knees by an unprecedented number of high-level schemes that unraveled in quick succession. Bernie Madoff with his “Ponzi” scheme and last decade’s poster child for fraud, Enron Corp., may be extreme, but not unique examples of unchecked greed which left large numbers of investors [...]
February 12th, 2010
Foreclosures are around every corner in today’s market and the savvy buyer has an unprecedented opportunity to buy a house at bargain prices. Oh, if it were clean and simple (don’t get me wrong; sometimes it is)!
Here’s an example: You find a property you’re interested in and the title report shows two loans [...]
February 11th, 2010
Are You Old Enough to Buy Real Estate in Washington?
One of the recent real estate trends we’ve seen in escrow at Chicago Title-Seattle, are the increasing number of foreign buyers purchasing property here in Washington. There have been numerous foreign investors who have come to the United States to take advantage of the great deals [...]
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Disclaimer The posts on this site don't necessarily represent Chicago Title's positions, strategies or opinions.
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