All of us remember the introduction of computers in the title industry which was heralded as a time saving method of generating the necessary HUD1 settlement sheets and ancillary documents necessary for us to perform our daily profession. Since then, computers have infiltrated many aspects of our personal lives from banking to Netflix predicting for…
Category: In the News
In the news…fraud & scams
In 2017, title companies uncovered a large-scale national fraud scheme targeting distressed properties and borrowers. In the scheme, criminals would obtain information about a loan in default or already in foreclosure. The wrongdoers then create and record fraudulent instruments related to the loan in the land records. The fraudulent instruments may vest title to the…