AUGUST 2022 ISSUE

CHICAGO TITLE HITTING THE LINKS!

TAKE ADVANTAGE OF OUR EXCLUSIVE DISCOUNT AND SAVINGS PROGRAM - JUST FOR YOU!!

EC Purchasing was created to leverage Fidelity National Financial's size and number of employees, to realize substantial savings on many of the products and services that we use most. This program is made available to all of FNF's 40,000+ employees and those in the legal, financial and insurance industries.

There's no subscription fee, and no obligation to it's members. If you are working with Chicago Title and not taking advantage of EC Purchasing, you are missing out! With rising inflation, uncertainty in the markets and high prices, why not check it out?

Planning a trip and need to rent a car? Would up to 50% off your hotel and/or car rental sound good?

How about getting up to 19% off your monthly cell phone invoice, just by connecting your existing account to EC Purchasing?

Does your office buy office supplies or have to ship documents often, and notice that the costs have suddenly gone up? Why not check out EC Purchasing and see if there is a potential savings? Some offices see up to 50% off.

Home theater systems, gifts, promotional items and much more! If you would like to get signed up, visit www.ecpurchasing.com or contact Jeff Leichtnam at jeffrey.leichtnam@ctt.com

CHECK OUT OUR FINANCIAL HIGHLIGHTS FOR THE 2ND QUARTER

Every quarter, Chicago Title's parent organization, Fidelity National Financial, release a fact sheet highlighting the company's financial performance.  You can download this one page document here:  Company Fact Sheet

If you have any questions, please contact Jeff Leichtnam at jeffrey.leichtnam@ctt.com or 716.200.5872.

This publication has written at least seven stories regarding the dangers of closing and insuring non-owner-occupied properties. All the articles expressed the dangers of properties that are not owner-occupied. Any time a vacant property is being sold, all parties in the transaction should be on high alert for red flags. Here is a story about a sale transaction at a title company around the corner — for a vacant land.

The property was obtained by the seller in 1972, and they had held title in the name of a trust until 2011, when title transferred to a limited liability company (LLC). The purported managing member of the limited liability company (LLC) submitted the operating agreement, and the title company ordered the certificate of good standing. 

The LLC was a special purpose entity created solely to hold title for the subject property. The members of the LLC reside in Boca Raton, Florida. The property was free and clear of any encumbrances and the transaction, an all-cash deal, was set to close. The escrow officer contacted the seller to schedule the signing appointment. 

The managing member requested the signing be scheduled for June 6, 2022, in Perry, Georgia. The purported managing member did not realize he would be required to sign under the supervision of an attorney in Georgia. 

⚑ When the attorney who agreed to conduct the signing called to confirm the signing appointment, the signing was cancelled by the managing member, as he said he was leaving town and was too busy. 

⚑ The following week, the managing member scheduled a new signing appointment

To continue reading, click here: https://fraudinsights.fnf.com/vol17iss08/article1.htm