Open Forum

At the lender's request, we get the ball rolling with the buyer's CD.  Of course, all it really shows when they make the request is our fees.  Then follows the finetuning with the lender eventually resulting in balancing with the  lender's document.

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Stephen M. Flatow, Counsel

Vested Land Services LLC

165 Passaic Ave, Suite 101

Fairfield, NJ 07004

973-808-6131 D

973-808-6130 P

973-227-0645 F

WARNING – FRAUDULENT WIRING INSTRUCTIONS
Email hacking is on the rise to fraudulently misdirect funds. Before wiring us any money, always call our office to verbally verify our wiring instructions. Please use independent sources such as the internet, to verify our phone number. We will not be responsible for any wires sent to incorrect bank accounts.

In PA we are always asked to provide a preliminary CD.  We then balance with the Lender, but the final CD signed by borrowers is the one that the Lender provides.  We prepare the final Seller's CD.  At closing, we provide an ALTA statement to the realtors. 

Veronica A. Eskra

Title Agent/Manager

Reliance Search and Settlement LLC

A Stevens & Lee Company

17 North Second Street, 16th Floor

Harrisburg, PA 17101

T: 717-547-8204

F: 717-547-8201

[email protected]

*Always Remember - Wire Fraud is Rampant*

Cyber criminals are hacking email accounts and sending messages with fake wiring instructions.

These messages are convincing and sophisticated. 

Always independently confirm wiring instructions in person or via a telephone call to a trusted and verified phone number. 

At the lender's request, we get the ball rolling with the buyer's CD.  Of course, all it really shows when they make the request is our fees.  Then follows the finetuning with the lender eventually resulting in balancing with the  lender's document.

---

Stephen M. Flatow, Counsel

Vested Land Services LLC

165 Passaic Ave, Suite 101

Fairfield, NJ 07004

973-808-6131 D

973-808-6130 P

973-227-0645 F

WARNING – FRAUDULENT WIRING INSTRUCTIONS
Email hacking is on the rise to fraudulently misdirect funds. Before wiring us any money, always call our office to verbally verify our wiring instructions. Please use independent sources such as the internet, to verify our phone number. We will not be responsible for any wires sent to incorrect bank accounts.

My understanding is that the CD is the Lender's document. Even if there appears to be an error in the document (other than pointing it out to the Lender) we close based upon what the Lender provides (after balancing, of course). I do not think that the preparation of the CD would be considered a settlement service (as opposed to balancing, which would be a settlement service). I do not think that this is something for which you want to  take on the liability.

Very truly yours,

Peter J. Pike

FL Board certified in Real Estate Law

Admitted to practice in FL and NY

"We are Open for Closings"

           Peter J. Pike, Esq.

           Pike Law Firm, PA

           4901 26^th Street West

           Suite B

           Bradenton, FL 34207

           (O) 941-312-2580

           (F)  941-444-2156

           (C)  850-585-1596

My understanding is that the CD is the Lender's document. Even if there appears to be an error in the document (other than pointing it out to the Lender) we close based upon what the Lender provides (after balancing, of course). I do not think that the preparation of the CD would be considered a settlement service (as opposed to balancing, which would be a settlement service). I do not think that this is something for which you want to  take on the liability.

Very truly yours,

Peter J. Pike

FL Board certified in Real Estate Law

Admitted to practice in FL and NY

"We are Open for Closings"

           Peter J. Pike, Esq.

           Pike Law Firm, PA

           4901 26^th Street West

           Suite B

           Bradenton, FL 34207

           (O) 941-312-2580

           (F)  941-444-2156

           (C)  850-585-1596

Pam Koenigsmark Tyson

Real Estate Assistant

Kruger & Abell Law Firm

PO Box 568

110 W. 5^th Street

Metropolis, IL  62960

Phone: 618-524-9302    Fax: 618-524-9305

We will never send wire instructions by unencrypted email.  You should always call our office at the number listed above to confirm any emails regarding wire instructions.

Pam Koenigsmark Tyson

Real Estate Assistant

Kruger & Abell Law Firm

PO Box 568

110 W. 5^th Street

Metropolis, IL  62960

Phone: 618-524-9302    Fax: 618-524-9305

We will never send wire instructions by unencrypted email.  You should always call our office at the number listed above to confirm any emails regarding wire instructions.

Pam Koenigsmark Tyson

Real Estate Assistant

Kruger & Abell Law Firm

PO Box 568

110 W. 5^th Street

Metropolis, IL  62960

Phone: 618-524-9302    Fax: 618-524-9305

We will never send wire instructions by unencrypted email.  You should always call our office at the number listed above to confirm any emails regarding wire instructions.