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Homeowner Tips

Wire Fraud Rampant in Real Estate Transactions

Exercise extreme caution when dealing with wired funds in a real estate transaction. Wire fraud is very much alive and well, and I’ve been hearing unfortunate stories from my colleagues recounting big money losses due to fraud activity.

New Law Requires Fidelity Bond Insurance for All HOAs

A new law took effect in 2019 that requires all homeowners associations (HOAs) to carry what’s called Fidelity Bond insurance. This policy basically protects the HOA from actions taken by board directors and officers, such as transferring money in and out of HOA accounts.