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  • 1.  An interesting news article worth discussing (attached as a Word document)

    Posted 07-11-2024 09:23

    Good morning!  There are some interesting title insurance issues here, so I wanted to start a discussion.  The chutzpah of the people who tried to pull this fraud off, is also worth discussing.

     

    Arthur Schwartz

    Actuary

    Actuarial Services / Financial Solvency Division

    Louisiana Department of Insurance

    1702 N. Third St (70802)

    P. O. Box 94214, Baton Rouge, LA 70804-9214

    P:225-342-7639

    [email protected] | https://ldi.la.gov

     

     

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  • 2.  RE: An interesting news article worth discussing (attached as a Word document)

    Posted 07-12-2024 08:16

    Arthur,

    I cannot seem to get access to the article.  Can you send to me.

    [email protected] 



    ------------------------------
    Steve Williams CTIP
    Vice President
    McKnight Title and Partners Title
    Fort Worth TX
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    ALTA Marketplace


  • 3.  RE: An interesting news article worth discussing (attached as a Word document)

    Posted 07-12-2024 09:16
      |   view attached

    Good morning!  The attachment does not seem to be there, possibly for security reasons.  Please look up the article "Scammers tried to steal Graceland" on CNN.  The articles raises several important title insurance issues, which are worth discussing.....Thank you, Arthur



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    Arthur Schwartz
    Actuary
    Louisiana Department of Insurance
    Baton Rouge LA
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    ALTA Marketplace


  • 4.  RE: An interesting news article worth discussing (attached as a Word document)

    Posted 07-12-2024 09:27

    Its attached now Arthur. Under "  view attached"

     

     

     

    Steven M. Williams, CTIP
    Vice President

    T: 281-305-4800 | D: 281-305-4802

    [email protected]

     

     


     

    WE DO NOT ACCEPT OR REQUEST

    CHANGES TO WIRING INSTRUCTIONS VIA EMAIL.

     

    WARNING! WIRE FRAUD ADVISORY: Wire fraud and email hacking/phishing attacks are on the increase! If you have a transaction with us and you receive an unsecured email containing Wire Transfer Instructions, DO NOT RESPOND TO THE EMAIL! Instead, call your escrow officer/closer immediately, using previously known contact information and NOT information provided in the email, to verify the information prior to sending funds.

     

    IN OUR ONGOING EFFORT TO PROTECT FUNDS FROM FRAUDULENT ACTIVITY, Partners Title only uses a secure portal powered by Qualia Connect for communicating wire transfer instructions to you. Do not trust wire transfer information from any other source, Partners Title will not make any changes to our wire instructions. We do not accept or request changes to wiring instructions via email.

     




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  • 5.  RE: An interesting news article worth discussing (attached as a Word document)

    Posted 07-12-2024 09:28

    I love a crook who gets caught and brags about it.  Wow.  I am particularly interested in the ALTA insurance policy mentioned in the article that insures against future fraudulent transactions.  Since Texas isn't an ALTA state, I am curious about how that works.



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    Karen Butler
    Texas Agency Manager
    First American Title
    Douglass TX
    +1 (936) 202-9601
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    ALTA Marketplace


  • 6.  RE: An interesting news article worth discussing (attached as a Word document)

    Posted 07-12-2024 11:50

    The one good thing coming out of these frauds is that more county clerks and registers across the country are being made aware of this type of fraud and are consequently setting up fraud alert provisions, allowing homeowners to register their homes. If a document is subsequently presented for recording, the homeowner is notified prior to the document actually being placed of record. Most of New Jersey's 21 counties and many in Florida have already put these programs in place. The problem now, is to familiarize property owners of these programs (Good-bye Title Lock).



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    Isidore Teitelbaum CTP
    NJ Underwriting Counsel
    Two Rivers Title Company, LLC
    West Long Branch NJ
    +1 (732) 747-3615
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