Fraud in Real Estate – Protect yourself with these tips

Protect your real estate purchase from costly mistakes and spammers. Stay with me for the next 2 to 3 minutes and I will go over some of the most crucial tips in the industry to make sure that you are not falling prey to scammers, that you are making sure your money is protected and you don’t get caught up in a wire fraud. Hi, I’m Janine Sasso. Realtor and team lead of a Coldwell Banker team in Schaumburg, Hoffman Estates, Barrington and the surrounding suburbs of Chicago. When purchasing a home title, insurance is put into place to protect you from liens against the home. The title surge is also meant to uncover any hidden tax fees that are unpaid and that might still linger on the property.

So Title Insurance is one of the very first measures that is put in place to protect you and your property. But wait, there’s more to be aware of. Permits that were pulled for the property need to be closed at the time of closing. How can you find out about it? It’s really simple. Just give the village a call and inquire about any open permits or any permits in general that were put on the home. They can tell you right there if anything is left open, because if you do decide to close and there something left open, you will assume all responsibilities on those permits. And that means even if the inspector says something is wrong, you will need to go and fix it yourself and you cannot go back to the seller. So just place this one phone call to make sure that you are okay.

Ready for the number one protection tip when it comes to the home purchase process. When purchasing a home. Don’t be so quick on hitting that reply button, especially when the email contains sensitive or personal information. Always make sure that the email is coming from a trusted source within your network. If you are worried that this is not a trusted source, do the right thing and don’t look at the email and the contact information is in it, but use a trusted point of contact. Most often we do recommend you do make direct phone calls and this way you can verify the information and make sure what is in there is accurate. Because the last thing we want is to have you fall victim to wire fraud. There is no such thing as being too careful when it comes to your purchase, your transaction, and most of all, your money. So no matter the steps that you feel are needed to make sure you protect yourself, they are absolutely 100% within your rights. And if you need to take those measures, please do. So you do feel comfortable.

My name is Janine Sasso. I’m your local Schaumburg, Hoffman Estates Barrington and surrounding suburbs of Chicago realtor. And I look forward to helping you in the next video about all things real estate. Please make sure you subscribe and hit the bell and I will see you later.

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