David Maimon’s Post

The growing risk of fraud is reflected in two articles found in the WSJ print edition yesterday. A front-page article cited the growing threat of property fraud and a second article discusses the convenience turned hassle of new credit cards incurring fraudulent charges when card issuers automatically update your card information with vendors. #fraud https://lnkd.in/gZYyvpP2 https://lnkd.in/gsmrT765

If you still use a physical bank with a local branch, they have likely offered you a safe deposit box to store your important documents at some point. This is more common in traditional bank locations though, with many banks shifting to virtual operations and slimmed down customer service in their branches. When you are trying to decide where to store your estate plan documents, a safe deposit box might seem ideal. Safe deposit boxes are designed to keep important documents and valuables secure from theft, fire, and other disasters. However, storing your original will in a safe deposit box can create significant problems for your executors and loved ones when they need it the most. Whenever I complete an estate plan with my clients, the question inevitably comes up about where to store the documents. While many people's default thinking is to use their safe deposit box, there are a variety of reasons why it's not the best place to store the documents. Continue reading and learn more at the link in the comments below.

Scammers are constantly finding new ways to trick people and online scams are changing all the time. Lots of people get scammed – it's not unusual and you shouldn't be embarrassed. The best thing you can do is report it and talk about your experience. It may even help other people avoid getting scammed in the future. #ActionFraudAlert #StayingSafeOnline This Is Money

🚩 Don't fall victim to fraud! Watch out for these red flags in real estate deals: - No mortgages on property - Vacant or non-owner occupied - Seller rushing to close - Agent hired by email, no meetings - Seller only communicates via email/text - No in-person closing, docs emailed - Typos and signature inconsistencies - Owner not at listed address - Wiring instructions to foreign banks - Pre-signed documents sent to title company Stay vigilant against fraudsters! #RealEstate #FraudPrevention #SafeHarborTitle #TitleInsurance

⚠️ Tenant fraud is rampant and our referencing team uncovers it DAILY ⚠️   Take this case, for example, which happened just last week... THE PHANTOM BANKER 👻 An applicant submitted documents with a work email address from a prominent bank, but upon closer inspection, it turned out to be a different domain altogether. To add fuel to the fire, their bank statements and payslips had an address with a glaring spelling mistake. It was a classic case of smoke and mirrors, but we're onto them 🔍 With LFL's comprehensive checks, expertise and due diligence, you can be confident recommending tenants to your landlords. Get in touch to find out more: https://lnkd.in/ew7MQZpA #tenantreferencing #tenantfraud #tenants #lettingagents #landlords #propertyindustry #tenancies

The real estate market can be a prime target for scammers using sophisticated tactics to exploit both buyers and sellers. Here are some common scams to watch out for: Providing Financial Info Scam: Scammers use stolen or fake financial documents to pose as legitimate buyers. Always verify identities and documents thoroughly. Refinancing Scam: Unsolicited calls offering “federal government-approved” refinancing deals are often a trap. Never share personal information over the phone. Fake Real Estate Agent Scam: Fraudulent agents may pressure you into quick decisions and request wired funds for listings they don’t own. Always research and verify agents and listings independently. https://lnkd.in/gSZ9Dw-V #RealEstate #ScamAlert #ProtectYourself #HomeBuying #RealEstateInvesting #StayInformed #ConsumerProtection #RealEstateTips #MortgageScams #FinancialSecurity

Deep fakes, combined with technology that can mimic phone numbers and create counterfeit documents and emails, have provided scammers with effective tools for stealing very large sums of money associated with purchasing or selling a home. 🙁 Keep reading to learn how to protect your transaction. 🔒 #MNrealestate #titleinsurance #OpenAt8CloseAllDay #titleagent

https://lnkd.in/ehus5Cv2 Snatch-and-run thefts often involve two assailants. One to distract the cashier and a second to reach into an open cash drawer and run. This guy worked alone, illustrating how vulnerable cash drawers are. Thankfully, no one was hurt. The cash register with an opening drawer was invented in 1893. It's been updated with modern technology, but the cash drawer process is virtually unchanged. Maybe it's time to check out automated cash drawers that solve the theft problem and a host of back-end reconciliations that add multiple levels of costly labor and slow down deposits, sales audits, treasury, and loss prevention.

Deep fakes, combined with technology that can mimic phone numbers and create counterfeit documents and emails, have provided scammers with effective tools for stealing very large sums of money associated with purchasing or selling a home. 🙁 Keep reading to learn how to protect your transaction. 🔒 #MNrealestate #titleinsurance #OpenAt8CloseAllDay #titleagent

Scammers are getting smarter and targeting borrowers with fake offers and messages. Stay safe by double-checking any unexpected contacts related to your finances. Speak with a trusted broker for secure advice and to protect yourself from fraud.