the wasserblawg

by Michael H. Wasserman  We live in a terribly unsafe world transacting real estate purchases and sales. There is a lot of money passing between Buyers and Sellers and Lenders and Title Insurance Companies. Unfortunately, there are a great many scammers out there trying to divert those funds away from the deal and into their pockets. In the coming weeks, I intend to write about several new rules and protocols being implemented to try to avoid calamities of this sort. For now, I wish to alert Realtors and other lawyers about an increasingly common email fraud.  I am seeing multiple emails every day from lenders and title companies with the seemingly innocuous email caption: HUD-1 Approval***. Hud-1, of course, the form number for the federally mandated settlement statement used in most every residential purchase/sale and mortgage re-finance transaction. We need these forms in order to advise our clients of their closing costs and the amounts of money they need ...