Archive for the Ticor Tech Tip Category

Ticor Tech Tip – New Scam Targeting Unemployment Benefits – What to Look Out For

ID Thieves Are Now Targeting Unemployment Benefits

As the COVID-19 pandemic continues to grow across the country, so do the number of COVID-19 scams that have been appearing trying to get access to personal and financial information. With this in mind we are proud to say we have partnered with long time local area consumer protection advocate Herb Weisbaum of KOMO to bring you Technology and Title Tips. 

Fraudsters will always try to take advantage of new opportunities in a time of crisis like evictions, foreclosures assistance, stimulus payments, and unemployment benefits.

The Coronavirus (COVID19) pandemic is a dream come true for con artists across the globe.

“There is something for every scammer,” said Eva Velasquez, president and CEO of the non-profit Identity Theft Resource Center, who has been fighting fraud for more than 30 years now. “The scope and the scale of all the different types of scams stemming from the pandemic is something I’ve actually never seen before.”

“So we are getting calls from many people who are trying to apply for unemployment and they finally get through, which is an arduous task in itself, and they find that they’re not eligible, that they’ve already applied for it – when in fact, they know they haven’t,” Velasquez told me. “They’re crime victims and they are out that money at a time when they need it to live.”

“It can be difficult to decipher which emails, phone calls, social media posts or text messages are scams versus legitimate ones. People are scared, people are out of work, and government relief programs are distributing money in unprecedented amounts. Identity thieves are now targeting people who are out of work, trying to steal their unemployment benefits,” she said.

Unsure if something is legitimate? Go to the source of the potential assistance. That means if the offer of unemployment benefits seems to be uncharacteristic, go directly to the employment development department and check their website. If it has to do with housing – whether that’s eviction or foreclosure assistance – head to that source (local housing commission, banking institution, etc.). Don’t trust an inbound message that isn’t verifiable.

Listen to the Consumer Tip Below.

Follow these links to read more.

If you’ve been the victim of a scam or want to check on something before you click a link or provide personal information, contact the Identity Theft Resource Center (or call 888-400-5530) and talk or chat with one of their expert advisors.

Thank you from all of us at Ticor Title! 

Ticor Tech Tip – What to Look Out For in the New Phone Scam Targeting Stimulus Payments

Many of us will be getting a stimulus payment from the federal government, and phone fraudsters are using this to attempt to get our bank information. 

Fraudsters are now using the the pending stimulus payments to take advantage of unsuspecting victims. If you receive any phone calls, texts or emails saying they are with the federal government to assist with the stimulus payment, hang up or ignore them. If engaged they will go on to ask for additional information to process your stimulus payment, and in some cases will send you an email that contains a phishing link to steal your banking information. 

What to look out for?

Listen to the Consumer Tip Below.

Follow these links to read more.

Thank you from all of us at Ticor Title! 

Ticor Tech Tip – How to Stay Protected from E-Mail Scams Exploiting COVID-19 (Coronavirus)

COVID-19 (Coronavirus) E-Mail Scams Can Be Difficult to Spot

Fraudsters hope to exploit your fears with phishing e-mails designed to steal money, snag personal information and infect computers. With this in mind we are proud to say we have partnered with long time local area consumer protection advocate Herb Weisbaum of KOMO to bring you Technology and Title Tips. With this current phishing attack, the fraudsters are designing their e-mails to look like they’re coming from the CDC or the WHO. They typically have an attention-grabbing subject line, such as “Coronavirus outbreak in your city (Emergency)” and often include the agency’s logo — cut and pasted from the real website — to add credibility.

COVID-19 (Coronavirus) Emails Scams can be difficult to spot – What to look out for?

Listen to the Consumer Tip Below.

Follow these links to read more.

Thank you from all of us at Ticor Title! 

Ticor Tech Tip – Download our Informational Guide to Reading the Title Commitment

A Title Commitment (also known as a Preliminary Report in some areas) is a dated formal report that sets out in detail the conditions under which a policy of title insurance would be issued on a particular parcel of land. The report reflects the matters which would be shown as exceptions in a policy of the title insurance so that the parties to the transaction will be aware of any of those matters of record that may need to be cleared prior to the closing of the transaction. This report is issued before the title policy—hence the name Title Commitment.

We have created a guide to assist in how to identify and understand the following…


The estate or interest covered.
The record owner of the estate or interest.
A legal description of the parcel of land covered.
Requirements and Notes.
The easements, liens, encumbrances and other matters which affect the title to the land at the date and time of the report.


Follow the link below to download this informational guide!

Ticor Tech Tip – Dave Ross with KIRO FM Asks “What Makes Ticor Title Different?” [Video]

Ticor Title was Title Insurance and Trust Company, often called “TI” , opened for business on January 15, 1894. Ticor Title is a member of the Fidelity National Financial, Inc. family of companies. FNF is a leading provider of title insurance, mortgage services, and diversified services. In financial strength and claims-paying ability, Ticor Title and FNF consistently receive high marks. FNF is ranked #402 in the 2019 Fortune 500 list.

Our management team recently sat down with Dave Ross with KIRO FM and answered these two important questions.

• What Makes Ticor Title Different?
• Can You Choose Your Title Insurance Company?

Ticor Tech Tip – Try our 2020 REET Interactive Widget Available Now

Effective January 1st 2020 the new Graduated Real Estate Tax went into effect. To accommodate this update, we recently unveiled our online REET Calculator designed to save you time and give you a clear understanding of what to expect in the coming year. We have taken this a step further with the development of a interactive REET widget that loads automatically on MyTicor.com!

To try the Widget simply visit MyTicor.com and it will load automatically!

What is REET? Real estate excise tax (REET) is a tax on the sale of real estate. The real estate excise tax is typically paid by the seller of the property, although the buyer is liable for the tax if it is not paid. The tax applies to the seller. The tax also applies to transfers of controlling interests (50% or more) in entities that own property in the state.

Ticor Tech Tip – CPLs Delivered in 1-Minute or Less and 24/7 Title & Escrow Rates

We know that getting information quickly and accurately can sometimes make or break a deal. One forward thinking approach we take
at Ticor Title is how we offer our Title & Escrow Rates and Closing Protection Letters (CPLs).

Here are two ways to eliminate delays and streamline the transaction workflow

• Closing Protection Letters Delivered in 1-Minute or Less
• Title & Escrow Rates Provided Instantly and Accurately

Follow the link below to read more about how these two processes can help to save you time in your business!

Ticor Tech Tip – 4 Things You Should Never Text, Email, or Fax

We are proud to say we have partnered with long time local area consumer protection advocate Herb Weisbaum of KOMO to bring you Technology and Title Tips.

KOMO Technology and Ticor Title Tips



Ticor Tech Tip – What is Escrow [Video] And Workflow Guide

Making a simple financial transaction is pretty straightforward, right?
You get the goods, he/she gets the money, and a receipt is your proof of ownership. But how do you make a financial transaction as large and as complicated as a home purchase or refinance?

We answer this question and more including…

• Escrow Workflow – 12 Steps to Closing
• Funds and Proceeds – Tips for a Successful Escrow Closing
• Deed Types – What are the Differences

Follow the link below to Watch our “What is Escrow” Video and Download the Guide!

Ticor Tech Tip – 2020 County Recorders’ Office Holiday Schedule

With 2020 just around the corner, we have made our annual County Recorders’ Office Holiday Calendar available for download.

This Calendar shows the following useful information.

  • Which days of the year the County Recorders’ Office will be Closed
  • Last day of the month to sign Refinance
  • Which days of the year the Tax Payments are due

Follow the link below to download the 2020 Holiday Calendar now!

Contact

Ticor Title Washington State

10840 SE 208th Street
Kent, WA 98031
844-MY-TICOR

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