Our office stopped a mortgage fraud during a refinance by determining the named homeowner who had gotten the mortgage when the property was purchased in the late 90s had died and it was actually the daughter (with the same first and last name) who was trying to get a cash-out refi. There had never been a probate. Then we discovered that the previous refinance to lower the interest rate several years previously had ALSO occurred after the death of the homeowner, so the daughter had already done it once. We notified both lenders and provided copies of instruments showing the drastically different signatures of the two people on the deeds of trust and the refinance was rejected. We never heard how the current lender handled the existing fraud.
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Cathy Clamp CTIP, NTP
Escrow Officer
Heart of Texas Title Co., LLC
Brady TX
+1 (325) 597-0796
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Original Message:
Sent: 06-29-2021 13:06
From: Shawn Sullivan
Subject: Calling on Our Title Problem Solvers!
What is the best story you have about protecting consumers and REALTORS as a title agent?
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Shawn Sullivan
Director of Digital & Print Media
American Land Title Association
Washington DC
ssullivan@alta.org
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