Faces of Detroit 2019 Special Section
THE FACES OF SECURE REAL ESTATE CYBER TRANSACTIONS – TOM AND MICHELE RICHARDSON – LIBERTY TITLE AGENCY
1025 E. MAPLE RD., STE. 200, BIRMINGHAM, MI 48009 248-434-5560 | LIBERTYTITLE.COM
Cybercrime is on the rise in the real estate industry. Buyers and sellers are more vulnerable than ever to wire fraud, phishing schemes, and other forms of cybercrime. Consumers need to be wary of “split closings,” the term used when two title companies close one transaction. Split closings put personal information and money transfers at risk. Consumers should demand that their closing agent has robust safeguards in place to protect them.
Liberty Title has created a new program to do just that: Umbrella by Liberty Title. Umbrella provides premier protection against cybercrime. Benefits of the Umbrella program include coverage under a Lloyd’s of London cybersecurity insurance policy, a $1 million guarantee that funds will be transferred securely with SafeWire™, and a policy upgrade that protects against future deed fraud. Customers are automatically enrolled at no additional cost when Liberty closes both sides of the transaction.
Liberty Title has been protecting property rights for almost 45 years. If you have questions, or you’d like a quote on services, contact them today.