All parties have access to our secure platform for wiring communications, SafeWire. SafeWire is a trusted provider that uses the block chain for wire protection. All wiring communication will be performed on this platform to help ensure your transaction will be handled safely.
Protection During Closing.
All parties (the Buyer, Seller and their real estate agents) receive coverage under our Lloyd’s of London cybersecurity insurance policy that provides additional protection for your funds during the closing process and allows for reimbursement of any funds that may be lost due to wire fraud or cybercrime. Unfortunately, cybercrime is on the rise in the real estate industry but this policy protects all parties involved in an Umbrella transaction.
All parties have protection against “The Gap,” which is the time between closing and recording the documents where fraudulent deeds, bankruptcies and other matters connected to the real estate are uncovered. By closing the entire transaction with Liberty Title, we assume all responsibility for any matters that may occur in The Gap, such as bankruptcy, fraud or other liens.
The Buyer receives an upgrade to their title policy that will provide coverage against future deed fraud, present code or permit violations, and a host of activities that can happen after the transfer of the property. If a post- closing fraudulent deed is placed on the property, attorneys will work with the homeowner to clear up the matter.
The Sellers and Buyers receive protection from our Proplogix Release Tracking program, which ensures all liens are quickly and accurately released from the property. With Release Tracking, Sellers FICO scores and credit reports are less likely to be negatively affected by old mortgages Buyers will have a clean title for refinancing or a future sale.