Prior to title insurance, purchasing real estate was a riskier venture. Buyers assumed the land was free of any title rights, interests, or liens that would interfere with their claim once the transaction was complete. The risk of losing property due to unresolved issues was significant.

National Financial Crime Fighter Day is celebrated on October 26 every year. The objective of the day is to celebrate anti-money laundering professionals and the positive effect their work has on financial institutions in the US.

In 2004, the US Government declared October as Cybersecurity Awareness Month to help individuals protect themselves online as threats to technology and confidential data became more common.

Wire Fraud continues to plague the real estate industry regardless of the numerous news articles published warning buyers and the educational materials advising professionals to establish preventative measures. Here are some real stories of people who became victims of real estate wire fraud.

After receiving a payoff, a mortgage company is required to cancel it from record; however, if mortgage company doesn’t complete their duty and a mortgage remains on record 30 days after satisfaction, there is an alternative method of discharging a residential mortgage.