We re at the height of the homebuying season. Buyers, sellers and bad guys are out in abundance.

Transcription

1 We re at the height of the homebuying season. Buyers, sellers and bad guys are out in abundance. Attempted wire fraud against realtors, lenders and title companies continues to increase. The bad guys now know there s lots of money moving around before a closing. This is a real problem and people are losing real money. John Bethell Title encrypts all s including wire instructions, account numbers and other personal private identifying information. Most of the time, our s will be delivered as normal with a header that the was encrypted. Users with older platforms may receive a link to a secured website from which our may be downloaded. Most wire fraud attempts involve compromising accounts hosted by public domains such as Gmail, Yahoo and Hotmail. Bogus wire instructions are then forwarded to the party suggesting that the real wire instructions have changed. We are aware of at least one attempt involving a BBOR member. If you use a public domain for your business, I d suggest that you reconsider. This is a friendly reminder about ways to protect yourself and your clients when working with John Bethell Title. Do not forward wire instructions via unencrypted . Direct buyers to call us for wire instructions. We will send the instructions to them via an encrypted . Advise your clients that John Bethell Title will never ever ever change its wire instructions for a transaction already in process. Advise your clients to treat any communication purporting to change wire instructions as highly suspicious. If we all stay vigilant, the bad guys will look elsewhere! Effective July 1, 2017, the fees for recording documents with county recorders will finally be predictable regardless of the number of pages the document contains. Recording deeds on or after that date will be a flat $25. (This does not include any fees charged by the county auditor or other offices.) A mortgage will in most instances be a flat $55. Other documents, such as powers of attorneys, will in most cases also be $25. This will make determining final cash to close figures much easier for you and for us. During the four weeks ending May 26 th, our team helped 420 people buy, sell or refinance their property. Our closing team produced seller side closing statements two or more days prior to closing 93.6% of the time. Our title team produced 83% of our Monroe County title insurance commitments in four days or less with an average turn time of 3.6 days. Thank you for your continued confidence. We greatly appreciate your referrals. ~ John Bethell June 13,

2 $16,000,000 Dollars - May 2017 Residential and commercial property mortgages filed in Monroe County during May $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 14,505,800 10,417,126 10,090,770 6,702,497 5,922,785 5,876,269 3,118,312 2,211,740 2,066,479 1,379,174 1,155,220 1,143,695 1,141, ,000 Note- Charts & report do not include re-recordings, modifications, or those recorded without a property description. includes Bank & Mtg, includes Bank & Mtg. Transactions - May

3 filed with the Monroe County Recorder during the month of May to $49,999 $50,000 to $199,999 $200,000-$499,999 $500,000 & up Total Total AMERICAN MTG SERVICE , , ,141, BAXTER CREDIT UNION , , BANK OF AMERICA BLOOMBANK ,375, , ,211, CRANE FEDERAL CU 2 45, , , FARM CREDIT MID AMERICA FIRST FINANCIAL BANK 1 40, , ,000, ,090, FREEDOM HOME MORTGAGE FARMERS AND MECHANICS , , , FIFTH THIRD BANK , , , FIFTH THIRD MORTGAGE , , ,490, GERMAN AMERICAN BANCORP 3 89, ,117, ,786, ,709, ,702, HOOSIER HILLS CU 1 26, ,000 0 HALLMARK HOME MTG , ,212, ,379, INDIANA UNIVERSITY CU , ,441, ,833, ,740, ,505, JPMORGAN CHASE BANK 4 28, ,293, , ,000, ,118, MAINSOURCE BANK 1 42, , , ,155, MORTGAGE MASTERS ,497, ,654, ,152, OWEN COUNTY STATE BANK , , , OLD NATIONAL BANK 3 88, ,757, ,801, ,228, ,876, PEOPLES STATE BANK 3 100, ,297, ,766, ,758, ,922, REGIONS BANK , , , REGIONS MORTGAGE , , , RUOFF MORTGAGE ,819, ,016, , ,417, UNITED STATES OF AMERICA UNION SAVINGS BANK 1 20, , , , WATERSTONE MORTGAGE , , WELLS FARGO BANK All Others , ,145, ,906, ,110, ,336, ====================== ===== =============== ================= ============ ===== ================= ====== ============ ====== TOTALS 52 1,145, ,791, ,483, ,627, ,047,

4 $70,000,000 Dollars - Year-to-Date through May 2017 Residential and commercial property mortgages filed in Monroe County during $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 57,800,627 41,510,067 29,511,312 29,399,995 16,553,205 12,790,775 11,430,335 9,155,876 7,677,155 6,157,515 6,132,619 4,603,163 3,039,182 2,744,810 Note- Charts & report do not include re-recordings, modifications, or those recorded without a property description. includes Bank & Mtg, includes Bank & Mtg. 350 Transactions - Year-to-Date through May

5 filed with the Monroe County Recorder during to $49,999 $50,000 to $199,999 $200,000-$499,999 $500,000 & up Total Total AMERICAN MTG SERVICE ,317, ,427, ,744, BAXTER CREDIT UNION 4 162, , ,111, ,888, BANK OF AMERICA , , ,524, ,150,500 1 BLOOMBANK 7 218, ,764, ,174, ,157, CRANE FEDERAL CU 5 146, ,369, , ,285, FARM CREDIT MID AMERICA 1 45, , , , FIRST FINANCIAL BANK 4 122, , , ,523, ,790,775 3 FREEDOM HOME MORTGAGE , , , FARMERS AND MECHANICS , , , FIFTH THIRD BANK 5 149, , ,000, ,028, FIFTH THIRD MORTGAGE 1 48, ,133, , ,103,644 1 GERMAN AMERICAN BANCORP , ,050, ,546, ,551, ,510, HOOSIER HILLS CU 4 134, , , HALLMARK HOME MTG ,198, ,404, ,603, INDIANA UNIVERSITY CU 96 2,713, ,888, ,326, ,871, ,800, JPMORGAN CHASE BANK 9 141, ,003, ,911, ,100, ,155, MAINSOURCE BANK 3 72, ,300, ,248, ,809, ,430, MORTGAGE MASTERS ,893, ,772, ,665, OWEN COUNTY STATE BANK ,394, , ,440, ,677, OLD NATIONAL BANK , ,162, ,428, ,539, ,553, PEOPLES STATE BANK , ,559, ,653, ,701, ,399,995 7 REGIONS BANK 4 67, , , ,393, REGIONS MORTGAGE 1 37, , , ,645, RUOFF MORTGAGE 3 128, ,531, ,755, ,095, ,511,312 7 UNITED STATES OF AMERICA , ,900 0 UNION SAVINGS BANK 1 20, ,485, ,372, ,878, WATERSTONE MORTGAGE , , ,725, WELLS FARGO BANK , , ,231, All Others 53 1,159, ,185, ,539, ,764, ,650, ====================== ===== ================ ================= =========== ===== =========== ===== ====== =================== TOTALS 267 6,637, ,551, ,380, ,920, ,490,

6 filed with the Monroe County Recorder during the month of May to $75,000 $75,001 to $199,999 $200,000-$424,100 $424,101 & up Total Total AMERICAN MTG SERVICE , , ,141, BAXTER CREDIT UNION , , BANK OF AMERICA BLOOMBANK 2 115, ,260, , ,211, CRANE FEDERAL CU 4 164, , , FARM CREDIT MID AMERICA FIRST FINANCIAL BANK 2 90, ,000, ,090, FREEDOM HOME MORTGAGE FARMERS AND MECHANICS , , , FIFTH THIRD BANK , , , FIFTH THIRD MORTGAGE , , ,490, GERMAN AMERICAN BANCORP 4 139, ,067, ,894, ,600, ,702, HOOSIER HILLS CU 1 26, ,000 0 HALLMARK HOME MTG , , , ,379, INDIANA UNIVERSITY CU 33 1,335, ,597, ,833, ,740, ,505, JPMORGAN CHASE BANK 8 263, ,058, , ,000, ,118, MAINSOURCE BANK 1 42, , , ,155, MORTGAGE MASTERS ,497, ,654, ,152, OWEN COUNTY STATE BANK 1 50, , , , OLD NATIONAL BANK 3 88, ,757, ,801, ,228, ,876, PEOPLES STATE BANK 5 225, ,172, ,766, ,758, ,922, REGIONS BANK 1 55, , , REGIONS MORTGAGE , , , RUOFF MORTGAGE 4 284, ,535, ,537, ,059, ,417, UNITED STATES OF AMERICA UNION SAVINGS BANK 1 20, , , , WATERSTONE MORTGAGE , , WELLS FARGO BANK All Others , ,620, ,031, ,985, ,336, ====================== ===== =============== =================== ================== ================ ====== ============== ====== TOTALS 93 3,599, ,337, ,321, ,789, ,047,

7 filed with the Monroe County Recorder during to $75,000 $75,001 to $199,999 $200,000-$424,100 $424,101 & up Total Total AMERICAN MTG SERVICE ,317, ,427, ,744, BAXTER CREDIT UNION 7 334, , ,111, ,888, BANK OF AMERICA , , ,524, ,150,500 1 BLOOMBANK , ,409, ,174, ,157, CRANE FEDERAL CU 9 390, ,125, , ,285, FARM CREDIT MID AMERICA 1 45, , , , FIRST FINANCIAL BANK 6 237, , , ,523, ,790,775 3 FREEDOM HOME MORTGAGE , , , FARMERS AND MECHANICS , , , FIFTH THIRD BANK 8 299, , ,000, ,028, FIFTH THIRD MORTGAGE 3 184, ,996, , ,103,644 1 GERMAN AMERICAN BANCORP , ,426, ,715, ,382, ,510, HOOSIER HILLS CU 4 134, , , HALLMARK HOME MTG ,198, ,913, , ,603, INDIANA UNIVERSITY CU 141 5,347, ,254, ,326, ,871, ,800, JPMORGAN CHASE BANK , ,203, ,911, ,100, ,155, MAINSOURCE BANK 5 199, ,172, ,248, ,809, ,430, MORTGAGE MASTERS ,893, ,772, ,665, OWEN COUNTY STATE BANK 2 100, ,294, , ,440, ,677, OLD NATIONAL BANK , ,844, ,972, ,995, ,553, PEOPLES STATE BANK 48 1,282, ,762, ,653, ,701, ,399,995 7 REGIONS BANK 5 122, , , ,393, REGIONS MORTGAGE 1 37, , , , ,645, RUOFF MORTGAGE , ,790, ,367, ,482, ,511,312 7 UNITED STATES OF AMERICA , ,900 0 UNION SAVINGS BANK 1 20, ,485, ,372, ,878, WATERSTONE MORTGAGE , , ,725, WELLS FARGO BANK , , ,231, All Others 85 3,184, ,161, ,263, ,040, ,650, ====================== ===== ================= ============ ===== ================= ================== ====== ============== ====== TOTALS ,029, ,159, ,076, ,224, ,490,