One side effect of the COVID crisis has been an increase in the use of online based video chat services like Zoom. Unfortunately, this also has created a new type of online cyber-criminal... the ZOOMPIRE!
This "vampire" isn't after your blood but, instead, specializes in sending fake zoom meetings to users to steal their personal data with specialized links used to fool the person into believing they’ve been invited to an online meeting.
Researchers at INKY say that these new attacks are even fooling some Secure Email Gateways (SEGs), making them harder to catch.
In addition, they can send a direct link, preventing your browser’s fraud prevention, as well. "If the hacker includes a fake attachment, it leads to a fake login page that’s locally hosted on the recipient’s computer, not the internet," the researchers write.
The solution here may be a low tech one. By texting or calling to confirm any meetings you didn’t set up yourself, you can be sure you’re only joining meetings you’re supposed to join - and prevent the ZOOMPIRE!
Have you heard about Alanna, Florida Agency Network's new virtual assistant?
She helps answer all your closing questions day or night, right from your text messages. The service is free to all our clients when they close with any of the offices in The Network.
You're doing it. You're buying a house! Since the process can be overwhelming and confusing, we've simplified it in the best way possible. What better way to explain each step than to use GIFs from one of our favorite TV shows, The Office?
1. The Contract is Signed & Sent to the Title Insurance Agency
Congrats on finding "The One!" At this point, your real estate agent has drafted your official contract, and the title insurance agency is starting the closing process. You're on your way to owning a new home!
Think of your earnest money deposit, or EMD, as a "good faith" deposit. It shows the listing agent and seller how serious you are about the home and getting the transaction closed. The dollar amount of your EMD is stated in your contract when it's signed. Be sure to discuss what you're comfortable putting upfront with your real estate agent. Depending on how much you agree on, it can seem like an expensive upfront cost. Your real estate agent is an expert and can advise you on the amount of money they think you should send. Take comfort in knowing the EMD will be held in your escrow account and used towards closing costs or the down payment.
Your title insurance agent will order a title search to ensure the title to your property is clear of any liens, back taxes, or other claims. To get a thorough search completed, ask your agent to request the title insurance company conduct a municipal lien search, permit search, and code enforcement search. With Florida Agency Network's offices, we offer this to each buyer via the buyer's agent.
Shortly after your offer is accepted and sent in, your agent will discuss scheduling a home inspection. You'll need to complete the home inspection quickly. Doing so will allow as much additional time possible for any follow-up inspection.
You're one step closer to closing on your home! The title commitment tells a buyer they're able to obtain a title insurance policy with that agent. The commitment contains the terms, conditions, and exclusions that will be in the owner's title insurance policy.
The home appraisal should come back at or above the contract price. The appraisal protects a buyer from paying more than the home is worth. If your home appraisal is lower than the purchase price, don't worry! Discuss your options with your real estate agent.
You'll begin to see the light at the end of the tunnel once you and your agent receive the clear to close. "Clear to Close" means the underwriter has signed-off on all documents and issued final approval on your closing.
Once your closing date is scheduled, don't forget to double-check for the required documents, identification, and time deadlines. The last thing you want is to forget to bring an item or sign an eDoc and have to reschedule your closing.
The final walkthrough is your opportunity to do one last visual inspection to make sure everything is in order. At this point, your closing starts moving much faster, and the finish line is right ahead!
We hope you're ready to sign, sign, and sign some more! While it may be exhausting and overwhelming, don't be afraid to pause and ask questions. At the closing table, your title closer and real estate agent are available to answer any questions you may have. Don't forget, this is your moment, and you can go as quickly or slowly as you prefer. You're allowed to get ice cream afterward, too!
You may or may not receive the keys to your new home at the closing table. In order to get those, the funds have to be wired to the seller. However, once they are received and confirmed, you have a new home!
You're officially the owner of a new home, and we think that is Perfectenschlag!
You’ve just bought a house. You and your spouse are enjoying your new home, your new neighborhood, and your new back yard. In fact, you’re out back sipping coffee one morning when you open a letter from your city and find that you now owe $34,000 in code violations. The previous owner let the lawn grow too tall and didn’t fix it for months.
This sounds like a horror story, and it is! But, it’s also a true story! This is one of the many dangers in not getting a municipal lien search – an additional search that must be requested.
That’s why Florida Agency Network offers a wide variety of additional comprehensive searches that go above and beyond the typical lien and title searches required by law.
Here are some of our additional searches and the value they hold:
This search allows us to find liens from the local city or town that may be placed for various reasons, such as unpaid taxes, water, or sewer charges. These can come back to the new owners, as the lien is on the property not the person who owned the property.
This is a national database that tracks mortgage servicers to ensure interests in loans for residential real estate. This ensures that the mortgages have been moved properly and your current servicer is the correct one.
When an owner has open or expired permits left on the home, they can cause trouble for the new owners – especially if they want to do some work that requires a permit. It’s important to get these items resolved before closing.
CODE & CODE ENFORCEMENT SEARCHES
Code violations are the responsibility of the homeowner, regardless of when the violation happened. This means tall grass, pest extermination, or other code violations can come back to cost the new owner.
These are just some of the ways that not doing a comprehensive search for your customers can come back and cost them. Your Florida Agency Network agency is ready to help! To share this information with others, we have a downloadable PDF.