{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Tennessee Real Estate Insider","title":"Understanding Real Estate Scams with Derek Malcolm","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/1e1d0ac3\"></iframe>","width":"100%","height":180,"duration":1327,"description":"Summary\nIn this episode, Allyson Spencer and Derek Malcolm discuss the various scams prevalent in the real estate industry, focusing on wire fraud, seller impersonation, and deed fraud. They explore how these scams operate, the impact on buyers and sellers, and the importance of using secure methods to protect against fraud. The conversation emphasizes the need for vigilance and due diligence in real estate transactions, as well as the role of technology in safeguarding against scams.\nTakeaways\nWire fraud is a $400 million a month problem.\nBuyers often fall victim due to urgency and lack of verification.\nSeller impersonation fraud is common with vacant land.\nQuick claim deeds can be easily forged.\nUsing encrypted systems for communication is crucial.\nNot all closing firms prioritize security measures.\nBuyers should verify wiring instructions with their agents.\nUrgency in emails is a red flag for scams.\nNotaries must be reputable and approved by underwriters.\nDue diligence is essential to avoid scams.","thumbnail_url":"https://img.transistorcdn.com/1902tZ95SGCOJeHMR15TWGl5iZhPHq4WAs_J_tQgBK4/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jYzJl/NzkzN2I0ZDdkMDZk/MTUwYzBlYTJhN2Q3/YjY5Ni5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}