In this episode, Dave and Jonathan discuss:

• The evolution of fraud in real estate and how it has changed through the years.
• Protecting yourself from wire fraud.
• What title fraud is and how it has become more prevalent over the last 5 years.
• Having a little paranoia to protect your money in real estate transactions. 

Key Takeaways:

• If you catch fraud, the key is to catch it as quickly as possible before it leaves the US.
• The first step is to protect yourself from falling for fraudulent emails. 
• With title fraud, people tend to focus on areas where they won’t get caught such as homes with a lot of equity, second home properties, etc.
• If your property is in the name of a land trust company, it is more difficult to find who you are and can help to prevent title fraud. 

"Use common sense. Be cautious. Take your time. Most of the problems that occur with wire fraud is human error." —  Jonathan Aven

Connect with Jonathan Aven:

Website: https://avenlaw.com/

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/jonathanaven/

Twitter: https://twitter.com/avenlaw

Facebook: https://www.facebook.com/jonathanavenlaw/

Resource: 

Cook County IL Clerk - Property Fraud Unit: https://www.cookcountyclerkil.gov/recordings/property-fraud-unit

Connect with Dave Nimick:

Website: https://thenimickteam.com/

Email: [email protected]

YouTube: https://www.youtube.com/channel/UC4WqeMs62CL3T5P-w6ncqbQ/videos

LinkedIn: https://www.linkedin.com/in/davenimick/

Facebook: https://www.facebook.com/thenimickteam

Dave Nimick is owner of The Nimick Team, Inc. with Keller Williams Realty

Show notes by Podcastologist: Chelsea Taylor-Sturkie

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