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Fraud, forgery claims are costliest expenses for title insurers

Housing Wire

Fraud and forgery claims represented more than one-fifth of the total dollars spent by title insurers on claims expenses and losses over the past decade, according to a study conducted by Milliman and commissioned by the American Land Title Association (ALTA). billion in claims related to losses and loss expenses.

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How title companies are combating wire fraud

Housing Wire

Attempted attacks increased significantly, according to a 2022 survey by the American Land Title Association , with 46% of respondents saying their employees receive at least one email a month attempting to change wire or payoff instructions. First-time homebuyers are susceptible because this process is very complicated.

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Getting Ready For a Buyer’s Home Inspection is Smart

Realty Biz

How to Prepare For a Home Inspection. Before you can prepare for your move, you need to get ready for the home inspections. Preparing for a home inspection will make sure your home sale proceeds as smoothly as possible. Lots of home sellers ask real estate agents how they can prepare for the home inspection.

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Home Inspections: Checklist of What to Know and Inspect

Realty Biz

Checklist When Getting a Home Inspection. When you are buying a home, the home inspection can be an exciting time. Home inspections can help you confirm you’ve made a good home buying decision or give you a list of issues to raise with the seller. Keep in mind that home inspections are not passed or failed.

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Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. It’s rarely advisable to waive an inspection contingency. Clear the title.

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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Though most commonly thought of for residential deals, real estate agents can also help people buy, sell or rent commercial properties, land and more. An agent may also be present at closings to review closing documents and help guide their client through the final steps. Buyer’s agent : The buyer’s agent represents the buyer.

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Building a House? Here’s Your New Home Inspection Checklist

HomeLight

Along with Cassie Scramlin , a top agent and new construction expert in Battle Creek, Michigan , we’re taking you through a comprehensive new home inspection checklist and offering a few bonus tips on what to keep an eye out for during your final walkthrough. Download Your New Home Inspection Checklist! Untitled *. Trenches and soil.