Be careful out there, pal!

As they used to say on Hill Street Blues, "be careful out there". I'll have to confess I really never watched the show much. That show was for old folks. I was too busy watching Miami Vice and trying to pretend that I was Don Johnson/Sonny Crockett. It was 1985 and I was only 15 Years old. Give me a break.

With the current status of the real estate market many agents and title companies are committing fraud in order to stay afloat. You have to be really careful who you do business with. There have been many title companies in Maryland that have been caught stealing escrow monies. One of the title companies that I was forced to work with by the bank (my seller) when I listed REO properties was recently closed. The owner plead guilty to stealing 1 million in client funds. The title company owner was actually caught living in and gambling in Atlantic City casinos with client funds and that is where she was arrested. Truth is sometimes stranger than fiction. http://baltimore.fbi.gov/dojpressrel/pressrel08/ba092908.htm

This market will unfortunately bring out the worst in people. Please make sure that you pick your real estate agent/broker, title company and mortgage banker carefully. Do your due diligence and make sure you aren't dealing with a crook or con. Unfortunately there are title companies out there right now "open for business" that are in the process of being forced to close down by their title insurers.

Be careful out there, pal!

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