Wire Fraud in Real Estate Closings
How Wire Fraud Scams Work In a typical real estate wire fraud scheme, criminals hack or spoof the email account of a real estate agent, lender, or title company and monitor the conversation until closing is near. Just before funds are due, the buyer receives what looks like a legitimate email with updated wiring instructions, …
Understanding Property Liens and How They Affect an Ohio Home Sale
What Is a Property Lien? A lien is a legal claim against a property that secures payment of a debt. Until that debt is satisfied or otherwise resolved, the lien typically must be cleared before the property can transfer with clear title to a new owner. Liens can attach to a property even without the …
Refinancing Your Ohio Home: Do You Need a New Title Insurance Policy?
Why Refinancing Involves Title Insurance Even though you already own your home, refinancing means taking out a brand-new loan with a new lender, and that new lender wants its own title insurance policy protecting its lien position on the property. It doesn't matter that nothing has changed about who owns the home; the new mortgage …