Fraud in the Title industry
As a valued member of our real estate community, we at SETCO Services want to ensure that you are aware of a growing concern that can have a significant impact on your financial investment—title insurance fraud. Recent statistics have shown an alarming increase in fraudulent activities targeting unsuspecting buyers and sellers in the state of Florida.
At SETCO Services, we believe that knowledge is power, which is why we are reaching out to you today. We want to educate and empower you to protect yourself against such fraudulent schemes that can jeopardize your real estate transactions. It’s crucial to remain vigilant throughout the process and take steps to safeguard your funds and personal information.
Consider the following eye-opening statistics about title insurance fraud in Florida:
- According to a recent report, Florida ranks among the highest states for reported cases of title insurance fraud, affecting thousands of individuals each year.
- Wire fraud, where cyber-criminals intercept and reroute funds during real estate transactions, is one of the most prevalent forms of title insurance fraud.
- In the past year alone, Florida residents have lost millions of dollars due to fraudulent wire transfers.
At SETCO Services, we prioritize your security and peace of mind. Our experienced and dedicated team is committed to combating fraud in the title insurance industry. We employ robust protocols and advanced technologies to safeguard your transactions.
In addition, we are proud to introduce our enhanced verification process: an additional layer of protection designed to combat seller fraud. Our proprietary system, named Veriff, powered by AI technology, utilizes face recognition and bio-metrics to authenticate seller identities. With this system, we ensure that each seller’s identity is thoroughly verified, protecting both buyers and sellers from potential fraudulent activities.
Don’t let fraud compromise your investment—trust in SETCO Services for all your title insurance needs. With our expertise and cutting-edge security measures, you can rest assured that your transactions are in safe hands.
Contact our dedicated team today at 850-650-6161 or email us at info@setcoservices.com to learn more about how we can protect your interests and provide the peace of mind you deserve.
Together, let’s stay one step ahead of fraud and build a secure future for our real estate community.
