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Ticor Title Welcomes Jen Evans, Escrow Closer

Jen Evans Escrow Closer

We are pleased to welcome Jen Evans to our University Place Escrow team. Jen brings over 13 years of escrow closing experience and is excited to advance her career with Ticor Title. Her expertise, insights, and personal care will bring great value to our clients and partners.

Please join us in welcoming Jen Evans to the team!

About Jen

Jen Evans

253-620-1396
jen.evans@ticortitle.com

3929 Bridgeport Way W #202
University Place, WA 98466

Born and raised in Tacoma, Jen began her career as an Escrow Assistant in 2004 and progressed on to beccome an Escrow Closer in 2012. She is excited for her new venture as an Escrow Closer in the University Place office and her goal is to earn the LPO certification in 2018. She strives to provide clear communication, personalized service and consistency to her clients and goes above and beyond to make every transaction as smooth as possible. Jen looks forward to reconnecting with past clients and the challenge of expanding her book of business in the Puget Sound area.

Ticor Title Major Accounts Welcomes Kris Weidenbach

Kris Weidenbach Ticor Title

We are happy to announce that Kris Weidenbach has made the choice to join the Ticor Title Major Accounts Team in Western Washington. Kris brings a track record of success and growth with over a decade of leadership in the title & escrow space. His energy, insights, and acumen will truly prove to be invaluable to our clients and partners.

Please join us in welcoming Kris to the Ticor Title team!

A Word from Kris

Kris Weidenbach

Vice President
Major Accounts Division
253-312-3606

I’m excited to announce that I have joined the Ticor Title Team as Vice President in the Major Accounts Division. Ticor has established itself as a premier leader in the Title and Escrow industry with a combination of strong financial underwriting and a commitment to growth. All the while providing first class service, with cutting edge software, and empowering local leadership to effectively manage their individual marketplace. These are a few of the many reasons why I made the decision to join this team of exemplary business professionals.

True Story: A Vacant Lot and Fake Sellers Caught

Vacant Lot & Fake Sellers CaughtTeri D., Closing Officer at one of our agencies, was processing a sale of a vacant, waterfront lot. The sales price was $205,000; a cash purchase. The purchaser paid $5,000 as earnest money and was working with a builder on plans to build a home on the lot.

Since the property was a vacant lot Teri realized the seller’s mailing address would be different than the property address; her office has an added precaution in place where the address provided is compared with the address for the tax bill on the tax assessor’s website.

Confirmation & Connecting with the Sellers

Teri discovered the vacant property address was different than the tax bill address. She sent a letter to the seller at the address listed on the tax bill introducing herself, her company and asking the seller to contact her to confirm the sale of the lot. The buyer was not obtaining a new loan so about a week later they were ready to close. Teri prepared the closing documents on Friday, March 31, 2017. She contacted the listing agent to find out where and how she should send the closing documents. The listing agent advised her to email the closing documents to the seller. Once again, in an effort to ensure there was no funny business going on, Teri also sent the documents via overnight delivery to the address on the tax bill. Everything was sent on Monday, April 3, 2017.

We’re Not Selling

“They told him they were not selling their lot…”

On April 5, 2017, the real owners of the vacant lot called the Agency and asked to speak with the President. Brice C. took their call. The owners explained to Brice they received a letter and overnight package from his company. They told him they were not selling their lot and did not have it listed for sale. Further, they stated they already explained this to the listing agent on March 24, 2017. That was twelve days ago. Teri wondered why the listing agent did not tell her that when she called on March 31, 2017?

Questions for the Listing Agent

Brice called Teri into his office to share what he learned. She immediately called the listing agent to notify him the real owners just called her company’s president. She asked him why he did not tell her he spoke to them on March 24, 2017. The listing agent explained after receiving the email about the property, unbeknownst to him, he asked the fake sellers for identification. They showed him their passports. He asked for copies and they gave him copies. It never occurred to him they were false.

The real owners had forwarded their email exchange with the listing agent to Brice, where they confirmed they were the owners of the lot and were not interested in selling. Teri also asked the listing agent why he provided her with a different email address for the seller than the one he received from the real owners who communicated with him. He simply huffed at her. Was he really going to let this deal close knowing all of this? She will never know.

No, Thank You!

Fortunately for Teri this agent does not usually do business with her. It was the selling agent who encouraged the buyers to select her as their closing agent. The company resigned from the transaction.

Teri recognized the risks associated with sales where the property owner is absentee. Simply checking the tax bill and sending a notice to the address listed on the bill saved the agency and the underwriter from a potential claim.

All New! Interactive Property Information Search

Interactive Property Information Search

We are excited to announce a completely redesigned ticorexpress.com providing a more interactive, visual, and streamlined property search experience!
Look for the new features today!

Log in:
TicorExpress.com

Property Profile Information

TicorExpress.com provides property profile data, owner information, transfer history, recorded documents, plat maps, demographics, and school information.

How to Get an Account

If you already have a TicorExpress.com account, you’re ready to go. If you are a new user, please contact your Ticor Title Sales Executive for exclusive access to this powerful time-saving research tool!

New Search Interface

Searching for property information is now quicker and easier because of predictive search and interactive aerial map features. Finding property information is now a more intuitive and visual experience.

Click Map to Search

The interactive map search makes researching adjacent or nearby properties easy! Click any property within view to access basic information or a complete property profile. Move or zoom the map to to explore and search.

Mobile Optimized

The new TicorExpress.com provides a better property search experience in the office or on the go because is optimized for mobile, tablet, and desktop!

Easy Access to Recent Searches

Save time accessing previous searches with the “Recent Searches” feature. Properties that you last searched are available in one click.

Advanced Search

Use the advanced search feature to search by address, owner name, parcel number, or street look-up.

Announcing Michelle Hedquist, Sales Executive

Michelle Hedquist Ticor Title Spokane

We are pleased to announce that Michelle Hedquist has transitioned from Escrow Assistant to Sales Executive. Michelle’s Escrow background, service ethic, and solution-oriented approach will compliment our sales team well and prove to be a true value to our clients and partners.

Michelle Hedquist

Sales Executive
509-385-4384
michelle.hedquist@ticortitle.com

1330 N Washington St, Suite 3525
Spokane, WA 99201

About Michelle

Born and raised in Spokane WA, Michelle attended Shadle Park High School. She has worked in the Title and Escrow field since 2015. Michelle and her husband (along with their chocolate lab, Remy) enjoy the outdoors and spend time together fishing, camping, hiking and boating. She also loves traveling and exploring new areas. She has an identical-twin sister. Her friends would describe her as genuine, kind and a careful listener who enjoys helping in any way possible. You will always catch her in a good mood with a smile on her face.

Ticor Title Welcomes Aimee Rado, Sales Executive

Aimee Rado

We are proud to announce that Aimee Rado has made the choice to join the Ticor Title sales team in our Seattle/lake Union location. She brings over 10 years experience in marketing and customer service to our clients and partners.

About Aimee

Aimee Rado

206-418-9311
aimee.rado@ticortitle.com

1505 Westlake Ave N, Suite 150
Seattle, WA 98109

Aimee began her career in title and escrow sales when she moved to Seattle from Dallas, Texas in 2016. She has had a love for real estate and architecture her whole life. Her extensive background in marketing, design and customer service has given her the knowledge to help real estate professionals grow their business and have smooth and successful transactions. She is a go-getter and will make sure each of her clients are happy with their experience working with her and her team. Aimee has spent the last year focusing on how to help real estate professionals reach their goals and gain more business.

She is passionate about helping people, great design, outdoor adventures and finding new restaurants.

Open House – Ticor Title West Seattle – August 16th

West-Seattle

You’re invited to join us for food, refreshments, conversation & good times as we celebrate the opening of our West Seattle escrow office!

At Ticor Title, we believe that every successful real estate transaction begins with a great team. We are proud of our dedicated family of professionals who are committed to the highest levels of service to our clients, the West Seattle community, and each other.

So please join us as we celebrate our growing team and new West Seattle location!
Read more...

Download the Invite

Ticor Title Open House West SeattleClick here to download the invite

When:

August 16
4PM – 7PM

Where:

Ticor Title – West Seattle
4813 California AVE SW
Seattle, WA 98116
Map & Directions

RSVP:

Jeff Parry
206-280-1500
jeff.parry@ticortitle.com

Best in Class & Getting Better! We’re Fortune #293!

Fortune-293-2

Ticor Title is proud to be recognized as a leader in our industry as a member of the FNF Family of companies. We celebrate that in 2017 our rank has improved to the position of #293 from our previous position of #311 on the Fortune 500.

2017 Fortune 500

This year’s Fortune 500 marks the 63rd running of the list. In total, Fortune 500 companies represent two-thirds of the U.S. GDP with $12 trillion in revenues, $890 billion in profits, $19 trillion in market value, and employ 28.2 million people worldwide.

At Ticor Title, we believe that every transaction begins with a great team. Our team of professionals are committed to personalized service, clear communication, consistency, and the highest standards of conduct to ensure that our clients and partners have a best-in-class closing experience with every transaction.

We would like to thank you for your continuous patronage and support. We look forward to many years of innovation, growth, and successful closings together!

Protect Your Property Rights With Owner’s Title Insurance

Owners-Title-Avoid-Mistake.indd

Each year, approximately 20% of homebuyers fail to protect themselves by not getting owner’s title insurance. Unfortunately, this leaves them exposed to serious financial risk—causing endless worry and regret.

If you’re thinking of buying a home, here’s what you need to know to protect yourself and your property rights, so you can rest assured once you’ve purchased your home.

Looking For Potential Threats

During the home-closing process, your title professional will help transition the home from the seller to you, the homebuyer, by examining public records. Generally, if a problem is discovered, the title professional works to resolve them before you purchase the home.

However, even after a title search is performed and you purchase your home, problems could arise that threaten your ownership rights. Examples include:

  • Undiscovered tax liens
  • Forged signatures in the chain of title
  • Recording errors
  • Undisclosed easements
  • Title claims by missing heirs* or ex-spouses

Getting owner’s title insurance protects your property rights from threats like these. Here’s a real-life example of how it works.

True Story

A family in Missouri unknowingly purchased their home from a seller who had taken out a separate $419,000 loan on the property. But this fact was not discovered during the closing process, and the family’s lender paid the seller directly instead of paying off the existing loan.

Soon, the family faced foreclosure because someone else had claim against their title. Fortunately, the family had owner’s title insurance. So the title company paid the debt and the family kept their home—and peace of mind.

This story has a positive ending, but without owner’s title insurance, the family could have faced serious costs, and even eviction.

Protect Yourself

There are two types of title insurance: lender’s title insurance and owner’s title insurance.

Lender’s title insurance is required by most lenders and banks because it protects their loan investments. Usually, you purchase this policy as the homebuyer. If you only have a lender’s policy, where the outstanding loan is covered, your equity is not protected. Therefore, you could have your property rights taken away if someone else has claim to your home.

Owner’s title insurance is the policy that protects your property rights from legal and financial threats like those mentioned in the story you just read. That’s why millions of homebuyers each year make the smart decision to get owner’s title insurance. It’s a low, one-time fee that provides the peace of mind that every homebuyer deserves, for as long as you or your family* own your home. In many areas, the seller purchases the policy for you. Ask your title professional how it’s handled in your area.

Support and Free Information

To buy your home with confidence, you need to work with a trusted title professional. They’re the experts who will help you throughout the home closing process. They will also advise you on how to protect your property rights and avoid costly problems by getting owner’s title insurance.

For more information, please contact us.

*This article offers a brief description of insurance coverages, products and services and is meant for informational purposes only. Actual coverages may vary by state, company or locality. You may not be eligible for all of the insurance products, coverages or services described in this article. For exact terms, conditions, exclusions, and limitations, please contact a Ticor Title representative.

Protect Yourself and Your Clients From Wire Fraud

Wirefraud Prevention Tips

Wire fraud has become a daily occurrence in our industry. Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they wired funds based on wire instructions received via email.

Common Wire Fraud Schemes

A hacker can break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker sends an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email may contain new wiring instructions or routing information, and request that the Buyer send funds accordingly. They could just as easily send an e-mail to the escrow agent posing as a Seller or a Real Estate Broker instructing the escrow agent to wire seller funds to different account rather than to the account provided at the signing.

Be Alert

Below are the procedures we have implemented at Ticor Title to keep our clients’ information and money safe and secure. We have also provided some tips on what a client should look for.

We encourage you to pass them along to your client so they are aware of the wire fraud scams plaguing our industry.

  1. Ticor Title will not accept disbursement instructions or changes to disbursement instructions via e-mail. Should a circumstance arise that requires disbursement instructions be sent via e-mail we will always contact the client to confirm the information received using a pre-verified phone number.
  2. If we are instructed to e-mail wire instructions to a Broker or a Buyer or Seller they are always sent using encrypted e-mail.
  3. If your client receives wire instructions via e-mail instruct them to ALWAYS follow up with a phone call to their escrow closer before they wire funds.
  4. Pay attention to the wording of an email requesting funds. Many fraudsters are “offshore” offenders and their sentence structure may be broken and may contain misspelled words or improper grammar.
  5. Beware of e-mail spoofing. E-mail spoofing is the forgery of an e-mail address so that the message appears to have originated from someone other than the actual source. For instance, you could receive an e-mail that you believe originated from your Escrow Closer or Broker because the e-mail address is the same as theirs. However, if you click on the e-mail address it will disclose the true e-mail address of the originator. E-mail Spoofing is a common tactic used in wire fraud campaigns and if you are not familiar with the tactic you are very likely to follow the instructions contained in the e-mail, believing they came from the proper party.
  6. Be wary of a sudden or urgent request for funds that were not anticipated or required as part of the transaction. Examples include a request for an additional earnest money deposit or extension fee that was not part of the purchase agreement.

Call Before You Wire

wirefraud prventionWire Fraud Prevention Tips

Wire Fraud in the News

Click on the links below to view stories recently aired by KOMO 4 news on the subject of wire fraud. Please do not hesitate to contact me with any questions you have or if you would like some additional information on the subject.

http://komonews.com/news/consumer/email-scam-targeting-real-estate-industry-gets-worse

http://komonews.com/news/consumer/real-estate-title-scams-steal-homebuyers-money-and-dash-ownership-dreams

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Contact

Ticor Title Washington State

1505 Westlake Ave N #150
Seattle, WA 98109
Phone: (206) 720-0114
Fax: (206) 720-0117

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