Escrow Essentials

What are you doing to protect your funds? If you are involved in an escrow you need to be aware! Individuals, Brokers, Title Agents, Lenders, Escrow all need to BE AWARE and BE Cautious about wire information https://soundcloud.com//wfg-national-title-insider-report-

Franchise Tax Board is changing their forms for ALL recordings after 1-1-2020. Keep up to stay in business Come to the CEA Webinar

Are you interested in personal safety information and/or escrow industry education? If so this upcoming Southeast Escrow Association Dinner meeting will be of interest to you. Maybe you should consider bringing family members and/or escrow staff and broker clients. Hope to see you there.

What are you doing to protect your funds? If you are involved in an escrow you need to be aware! Individuals, Brokers, Title Agents, Lenders, Escrow all need to BE AWARE and BE Cautious about wire information https://soundcloud.com//wfg-national-title-insider-report-

What are the odds that you are 1 of 500 Million? If you are affected by the Marriott - Starwood BREACH consider this Action Plan

1st Installment your Real Property Tax bill will become delinquent if not paid by December 10th. Annual real property tax bills are mailed to property owners in early October every year. This bill is payable in two semi-annual installments. The 1st installment is DUE on November 1 and is DELINQUENT if the payment is not received by 5:00 p.m. or postmarked by on or before December 10th. A 10% penalty is assessed for delinquent payments not timely paid.... Be advised that POSTMARKED DOES NOT mean your postage machine dated date. It means the date received by the U.S.P.S. for outgoing mail. The date stamped by U.S.P.S. See more

FinCEN Reissues Real Estate Geographic Targeting Orders November 15, 2018 Purchase Threshold Lowered to $300,000 and Virtual Currencies Included WASHINGTONThe Financial Crimes Enforcement Network (FinCEN) today announced the issuance of revised Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate. The purchase amount threshold, which previou...sly varied by city, is now set at $300,000 for each covered metropolitan area. FinCEN is also requiring that covered purchases using virtual currencies be reported. Previous GTOs provided valuable data on the purchase of residential real estate by persons implicated, or allegedly involved, in various illicit enterprises including foreign corruption, organized crime, fraud, narcotics trafficking, and other violations. Reissuing the GTOs will further assist in tracking illicit funds and other criminal or illicit activity, as well as inform FinCEN’s future regulatory efforts in this sector. Here is the link to the New GTO: https://www.fincen.gov//Real%20Estate%20GTO%20GENERIC_1115 ________________________________________ Key features/requirements for California Settlement Agents: Effective Dates: November 15, 2018 thru May 15, 2019 Confidentiality: This Order and its terms are NOT confidential California Counties : San Diego, Los Angeles, San Francisco, San Mateo and Santa Clara Property affected 1. Residential real property, 2. Purchased by Legal Entity 3. Purchase Price of $300,000 OR MORE Purchase is made A. Without a bank loan or other similar form of external financing and B. at least in part, using currency or a cashier’s check, a certified check, a traveler’s check, a personal check, a business check, a money order in any form, a funds transfer, or virtual currency.

Looking for useful education at a reasonable price Look no further - check this out.

We read every day about the bad guys stealing funds by wire fraud from Buyers deposit to escrow and from Sellers for their proceeds. Individually we all need to pay more attention to our own personal credit. Watch Your Debit and Credit Cards: Thieves Get Craftier With Skimmers

I'm going - Are You ? You can contact me regarding Escrow Administration questions. You can contact me regarding Note Servicing questions. I will be around all conference long

There are many women in the escrow business. Be Prepared JUST IN CASE

Buyers and Sellers BEWARE. Escrow companies will almost NEVER change their wire accounts. If you get an email changing wire instructions, it most likely is from the bad guys. Call your escrow officer, not on the phone number in the email, on the validated number on their escrow papers.