Wire Fraud’s Impact on Homebuyers

On Friday, the Coalition to Stop Real Estate Wire Fraud marked its launch with a press call, during which U.S. Senator Doug Jones alongside industry experts, including an affected victim of wire transfer, discussed the real estate wire fraud epidemic. Speakers included Jones, Cynthia Blair, Attorney, and President of the American Land Title Association (ALTA),

Continue Reading →

New Home Mortgage Applications in U.S. Spike 20.1 Percent Annually in May

Based on the Mortgage Bankers Association’s latest Builder Application Survey for May 2019, U.S. mortgage applications for new home purchases increased 20.1 percent compared from a year ago. Compared to April 2019, applications increased by 0.1 percent. This change does not include any adjustment for typical seasonal patterns. “Purchase activity strengthened in May, with new

Continue Reading →

Three Things Good Title Companies Do

The closing process doesn’t have to be stressful and confusing. In fact, your title company should strive to create the most stress-free closing experience. On top of duties like clearing the title, negotiating payoffs and filling out paperwork, a good title company should have the following traits to help you through the process. 1. Communicate

Continue Reading →

How Title Works For You

According to a Forbes article, up to 30% of all titles have defects. As a result, having a title company to ensure your house will have a clean title is crucial to a stress-free purchase. Here at Prominence Title, we work diligently to make sure our title insurance services give you the house-buying peace of

Continue Reading →

The Importance of Cyberfraud Awareness

According to the FBI’s 2018 Internet Crime Report, $192 million in funds were recovered from fraudulent business transfers. Overall, that amounted to 75% of all stolen funds. In the real estate and rental category, the amount stolen from cyberfraud victims reached over $149 million. Also, when hackers target you, they try impersonate your real estate

Continue Reading →

← Previous Page