Chicago Title Agency

Romance Scams

2021-07-29T21:30:57+00:00July 29th, 2021|Chicago Title Agency, Newsletter|

Finding true love can be a tricky task in today’s digital age. Technology has made the ability to connect with people across the world amazingly easy. From a simple swipe on a phone or a few clicks on the computer, you can talk to anyone who shares a similar interest or simply has the desire [...]

Stopping Fraud!

2021-06-30T17:51:38+00:00June 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 [...]

We Are Listening!

2021-06-01T16:23:48+00:00June 1st, 2021|Chicago Title Agency, Newsletter|

One morning, one of our Chicago Title Escrow Officers began to mentally organize her day while on the way to the office. She had one file on the top of her mind. The file was a sale transaction where the seller appointed her son, via power of attorney, to act as her agent/attorney-in-fact. She was [...]

Cash Purchases

2021-03-30T17:20:45+00:00March 30th, 2021|Chicago Title Agency, Newsletter|

On December 4, 2020, an escrow was opened for Mr. and Mrs. Walker in the amount of $112,888 for the sale of a residential vacant lot to Mr. Dean. On December 14, 2020, Mr. Dean sent via overnight delivery an official check in the amount of $150,000. The title company deposited the official check in [...]

Title Fraud

2021-03-01T22:31:44+00:00March 1st, 2021|Chicago Title Agency, Newsletter|

In a recent transaction, the seller accepted the buyer’s offer but almost immediately the deal started falling apart. The Buyer’s address noted on the offer was located outside the United States. When the buyer’s earnest money deposit was due, he had every excuse as to why it was taking so long to send it. The [...]