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New COVID Concern: Digital Real Estate Scams

June 29, 2020

The con is older than the internet–but all the more powerful in a real estate industry locked down by a pandemic and increasingly dependent on cyber-transactions. The digital scam nearly upended a deal just hours before closing. Willow Glen agent Don Sabatini led his client, a savvy, professional woman with grown children, through the months-long […]

Filed Under: CVAR Connect, Government Affairs, Industry News Tagged With: #Coronavirusandrealestate, Coronavirus, COVID-19, Criminal hack, Digital Scam, escrow, FBI, online scam, title, Wire fraud

How to Help Buyers Through Financial Questions

March 2, 2020

Do you know when the deposit is due when buying a home? Many first-time homebuyers will ask their real estate agent this question and many others, so you must be prepared to give them an accurate answer. When buyers are purchasing a house, there is a lot to think about and remember. They need to have their […]

Filed Under: At A Glance, Pro Tips Tagged With: #CVARmembers, cvarconnect, down payment, earnest money, escrow, finance, financial questions, homebuyer questions, title company

3 Ways for Clients to Prevent Wire Fraud

February 5, 2018

It’s your buyer’s worst nightmare: Everything is a go for purchasing the house of their dreams and in the next moment, the entire down payment is gone with little hope in getting it back. Wire fraud has happened all across the country to buyers who have fallen prey to a phishing scam, resulting in losses […]

Filed Under: At A Glance, California News, Education & Events, Government Affairs, Industry News, National News, Pro Tips Tagged With: Alysia Heun, email, escrow, FBI, NAR, real estate scam, Realty Executives International, Wire fraud

Closing Delays On the Rise

December 27, 2016

Closing times are lengthening. The time-to-close averaged 40.5 days from November 2015 to November 2016 compared to 36.7 days the year before, according to data from the National Association of REALTORS®. NAR called the longer times in closing “unexpected” in a recent blog post. NAR began tracking closing delays following the implementation in 2015 of […]

Filed Under: At A Glance, CVAR News, Industry News Tagged With: appraisal, Closing times, delays, disclosure rule, escrow, financing, home inspection, mortgage, NAR

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