Chicago Title Agency

Watering Hole Attacks

2021-11-30T20:50:30-07:00November 29th, 2021|Chicago Title Agency, Newsletter|

The use of search engines leaves users vulnerable to what is called a "watering hole attack." A watering hole attack tricks users by creating false websites mimicking trusted, industry specific websites that appear on searches. These sites plant malicious files in place of a template or document professionals would download for their job. Instead, users [...]

Document Execution Guidelines

2021-11-16T14:31:07-07:00October 31st, 2021|Chicago Title Agency, Newsletter|

An Escrow Officer at our company opened an escrow that was a For Sale By Owner (FSBO), meaning the seller did not use a real estate agent to market and sell the property. In this instance, the buyer also did not use a real estate agent. The seller entered into a sales contract with a [...]

Judgments & Liens That Affect Title

2021-11-16T14:31:35-07:00September 30th, 2021|Chicago Title Agency, Newsletter|

There are a number of types of Judgments and Liens that can attach to your client and/ or their property that affect title when they sell or refinance. Many of these will remain on title anywhere from 7-20 years or more and must be satisfied accordingly. They may be required by their lender to pay [...]

Alternative Means of Communication

2021-11-16T14:32:07-07:00August 31st, 2021|Chicago Title Agency, Newsletter|

It is frightening to think of how criminals find out about specific transactions and the parties who are involved, and then capture the contact information for all of the principals. Such was the case in this scenario. One day at the gym, one of Chicago Title’s buyers, Betty Buyer, received a text message — supposedly [...]

Stopping Fraud!

2021-06-30T17:51:38-07:00June 30th, 2021|Chicago Title Agency, Newsletter|

Escrow and title companies are still under attack, fraud is being perpetrated from all angles of the transaction. As a result, our operations are taking their time and extra care to thoroughly review checks; our operations need to ensure funds are unconditionally collected before closing and disbursing. We received an “Official Check” drawn on an [...]