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To: DUMBGRUNT

It’s possible we will see it happen more often. Artificial intelligence can make false identities all the easier as the lines blur between real and fake. That’s why we’re seeing the rise of fraud alerts in land transactions. Traditional title insurance doesn’t protect against identity fraud.


rise in fraud alerts...........................
So is a title opinion from a lawyer better? Iowa is still a title opinion state. The lawyer is personally on the line.


37 posted on 07/30/2023 8:56:52 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: PeterPrinciple

If there is fraud due to existing forged documents I don’t see any pre purchase remedy for that unless the title insurance specifically states that the insurance covers it.

An attorney could do reasonable due diligence and still not catch it if the fraud was executed by professional fraudsters rather than stupid amateurs.


40 posted on 07/30/2023 9:17:18 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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