Fund News and Alerts

ALERT! Alleged Suspicious Activity

It has been brought to our attention that there may have been suspicious activity regarding attempted sales of real estate with the typical scenario as follows: 04/11/2018

ALERT: Scam Involving Sale of Vacant Lots – It’s Back!

Alerts about this scam were sent to Fund Members in 2009 and 2010. We have not heard much about it since then, until now.

03/06/2018

Alert: Spoofed Email Appears to Come from ALTA CEO

ALTA is alerting its members to delete a phishing email that appears to come from CEO Michelle Korsmo with the subject line "Case S.I 691/2017: Your Firm's Attention is Required" asking for prompt attention.

08/09/2017

UPDATE - Email Hacking Scam

Additional Warning About the Ongoing Email Hacking Scam

08/04/2016

FIRPTA Withholding Rate to Increase to 15%

Effective Feb. 16, FIRPTA general withholding rate increases from 10% to 15%.

01/06/2016

Email Hackers Update

Email hackers are changing wiring instructions in order to steal the seller's proceeds.

01/05/2016

Fake Check Scam Reminder

Over the past several years, we have published several alerts and spoken at Assembly and other seminars about the Fake Check Scam. It is time to publish a reminder.

11/13/2015

Email Hacks

Hackers sending emails to the closing agent directing a change to the disbursement instructions. 09/02/2015

TRID Effective Date has Moved!

The effective date is moved to October 3rd!

06/18/2015

Doral Bank of San Juan, Puerto Rico CLOSED

We have been advised that on Friday, February 27, 2015, Doral Bank, San Juan, Puerto Rico, was closed by the Commissioner of Financial Institutions of Puerto Rico, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Banco Popular de Puerto Rico, Hato Rey, Puerto Rico, to acquire the banking operations, including all the deposits, of Doral Bank.

02/27/2015