Month: <span>February 2018</span>

By a vote of 269-143, the U.S. House of Representatives on Wednesday passed a bill that corrects the inaccurate disclosure of title insurance premiums on the TILA-RESPA Integrated Disclosures (TRID) and help consumers understand the true cost of their real estate transaction. Under the current regulation, the CFPB does not allow title insurance companies to disclose available discounts for lenders title insurance on the government mandated disclosures. This results in the inaccurate disclosure of title insurance premiums in about half of the states, including Florida.

Read more “House Passes Bill to Fix Disclosure of Title Premiums”

According to the FBI, the Internet Crime Complaint Center saw a 480 percent increase in the number of complaints filed in 2016 by those in the real estate industry. Most of these complaints were related to wire fraud, a scam becoming more common in the real estate industry.

Read more “Wire Fraud is the Fastest Growing Real Estate Cybercrime in the U.S.”