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Average Title Insurance Claim Cost for Fraud and Forgery is $143,000

Average Title Insurance Claim Cost for Fraud and Forgery is $143,000

by Phil Hall | May 20, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Fraud and forgery claims represent 21% of the total dollars spent by title insurers on claims expense and losses, with an average claim cost of over $143,000, according to data released by the American Land Title Association (ALTA). A new independent analysis...
Colorado Real Estate Agent Sentenced for $1 Million Investor Scam

Colorado Real Estate Agent Sentenced for $1 Million Investor Scam

by Phil Hall | May 1, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A Colorado real estate agent and investor was sentenced to 90 days in jail and 10 years of supervised probation “with strict financial conditions” for stealing more than $1 million from investors in a real estate scam. Bret Lamperes, 54, pleaded guilty last December...
Florida Real Estate Broker Pleads Guilty for Disability Payment Fraud

Florida Real Estate Broker Pleads Guilty for Disability Payment Fraud

by Phil Hall | Apr 30, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A real estate broker in Sarasota, Florida, pleaded guilty to federal charges that he collected nearly $300,000 in disability payments without reporting he was still actively employed. Allen R. Jenkins, 68, received United States Railroad Retirement disability payments...
Former HGTV Star Sentenced to Four Years for Real Estate Fraud

Former HGTV Star Sentenced to Four Years for Real Estate Fraud

by Phil Hall | Apr 17, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A former HGTV star was sentenced to four years in jail and ordered to pay back close to $10 million for real estate and financial fraud against 11 victims. The Office of the District Attorney for California’s Santa Clara County reported that Charles “Todd” Hill was...

British Columbia Woman Fined $626,000 for Real Estate Flipping Scam

by Phil Hall | Apr 16, 2024 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The British Columbia Securities Commission (BCSC) levied $626,000 in sanctions and issued market bans against Cherie Evangeline White and her company Kingdom Investments 2015 Inc. for orchestrating a Ponzi scheme involving a real estate flipping scam. According to the...
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