A failure to properly communicate can result in issues during real estate transaction negotiations, frustrations after closing and confusion in the event of a foreclosure. Certain regulations and laws are present to better ensure proper communication during legal transactions.
Florida couple loses $46,000 in title dispute
Fraudsters recently scammed a Florida couple out of $46,000 in a title dispute. The couple lost the money when they wired the funds as allegedly instructed by their real estate agent. Unfortunately, the real estate agent’s account had been hacked and the hackers were able to divert to the funds.
Struggling to make loan payments? Three potential resolutions.
Falling behind on your loan can result in financial penalties. Depending on the language of the loan agreement, the lender may label the loan as in default. If so, your credit score will be negatively impacted. In extreme cases, a lender may even pursue litigation.
