Wednesday, February 20, 2019 / by Cary Crowe
The growing issue of wire fraud is happening in our real estate industry in Utah. There are people who are watching your email and when you are closing the deal and are ready to wire money to the seller, they pose themselves as the title company to have you wire that money to them instead.
Once your money is wired, it’s gone and you will not get it back.
How does a wire fraud work?
We recently had a client who received an email which apparently looked from our company. The email dropped into their inbox after the closing disclosure had gone out to the client. The disclosure document basically tells the client what they need to bring in to the closing. It also includes all of the figures and charges of the deal.
Since someone was watching their email they included the exact amount and prompted the client to wire the amount to them. The client was cautious enough and so he texted the agency the email snapshot in order to confirm. It was easy ...
Tuesday, February 19, 2019 / by Cary Crowe
A lot of buyers ask about a home warranty, the major question being ‘what is it’ because many buyers think it is homeowner insurance. But home warranty is not a home insurance. It covers other aspects of your home. In this post we will walk through what a home warranty actually is, what it covers and why do you need one.
What is a Home Warranty?
Home warranties are one of those contracts that come with almost every single transaction. It is an annual contract that covers the repair or replacement of everything from your furnace, air conditioner, electrical plumbing, your washer, dryer, refrigerator and other kitchen appliances. In short, all those type of things in your home that can break.
Home warranties actually try and cover the gaps left out after a home insurance. Often when you move into a house you do not know what’s working and what’s not working. It is always good to have an inspection so that it gives you an idea of what& ...