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The title industry’s latest cat-and-mouse game: seller impersonation fraud

Housing Wire

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots.

Sellers 397
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U.S. District Court Approves NAR Settlement

Appraisal Buzz

District Court for the Western District of Missouri has granted final approval of the National Association of Realtors (NAR) proposed settlement agreement to resolve class action claims related to broker commissions. The Court heard from all parties, as well as objectors and the Department of Justice (DOJ).

Realtors 243
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NAR settles commission lawsuits for $418 million

Housing Wire

The National Association of Realtors has agreed to pay $418 million in damages to settle the commission lawsuits. According to NAR, this settlement brings an end to all of the litigation claims brought by home sellers. The story was first reported by the New York Times. It has yet to be filed in court.

Legal 540
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Trade Groups Unite to Combat Deed Fraud

Appraisal Buzz

brief include the American Land Title Association (ALTA) , AARP , Mortgage Bankers Association (MBA) , National Association of Realtors (NAR) , National Notary Association (NNA) , and Property Records Industry Association (PRIA). Groups contributing to the “ What Is Deed Fraud?

Law 397
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7 best real estate schools in Illinois (IL) for 2024

Housing Wire

Exam Prep: Colibri’s Exam Prep, Exam Prep Plus, and the Ultimate Prelicensing packages include CompuCram Exam Prep, which features interactive tools and pre-assessments created to help you retain real estate exam topics, including flashcards, vocabulary matching tools, and simulated tests that mirror the actual state exam. out of 5.

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Remote online notarization is the proper path forward for digital closings

Housing Wire

Earlier this year, Fannie Mae and Freddie Mac modified their Seller Guides and provided guidance on several policy areas to support mortgage originations. The American Land Title Association , the Mortgage Bankers Association and the National Association of Realtors all endorse the legislation. To date, 37 states and U.S.

Law 468
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Agent vs. REALTOR®: Why the Difference Matters

Lamacchia Realty

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. To the everyday buyer and seller , they may not think there is much of a difference between the two. What is NAR? There are over 1,000 local NAR associations and boards, spanning all 50 U.S.