DJ Bibb | Fidelity National Title

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Always Verify

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Kerry McCall, Escrow Officer with Chicago Title Inland Empire, received an order for the sale of a vacant lot for $65,000. Upon receipt of the order, Kerry pulled the owner’s address where the tax bill is mailed and sent a notice of pending real estate transaction overnight to confirm the owner was selling the property.

As soon as the order was opened, the listing agent contacted Kerry to let her know the seller was currently in Texas but would sign the deed at an attorney’s office. The deed was prepared and emailed to the seller. The deed was executed and returned to Kerry via overnight read more

Property Theft from Absentee-owners Continues To Be a Problem

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By Lisa A. Tyler
National Escrow Administrator

Property theft from absentee-owners continues to be a problem. The syndicates attempting to commit this crime learn from each success and failure, then modify their scheme. They have learned the title industry’s best defense in thwarting this crime is the notary. Settlement agents who have honored an imposter’s demands to use their own notary, find out later that the seller is an imposter.

It is important to verify a signer did appear in front of the notary who notarized the documents.

Efaxing can be just as risky as sending an email. Depending read more

Scams Change: Red Flags Don’t

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It is true, some settlement agents have access to and know how to complete the blanks in a deed template. However, that does not give them approval to prepare deeds for any and all reasons.

Settlement agents are only authorized to complete deeds to consummate real estate transactions which may include title clearance matters. It is crucial settlement agents identify appropriate and inappropriate requests. 

This story demonstrates how the preparation and recordation of a “correction deed” could have lent credibility to an elaborate scheme the perpetrators were committing.

The transaction was read more

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