By Lisa A. Tyler
National Escrow Administrator
Social media offers opportunity to connect online with others anywhere in the world. People young and old use social media to meet other like–minded individuals. This virtual method also provides new ways for people to be taken advantage of or scammed. One involves criminal enterprises preying on vulnerable people who are simply looking for love in all the wrong places. Instead of finding love – they find a scammer trying to trick them into sending them money. Read "LOOKING for romance in all the wrong places" for the details.
Stealing property out from under someone is still happening. "MAC aroni loses 25 acres" is a story about fraudsters attempting to steal a piece of property, however our hero, Tanya, spoiled their plans.
The use of electronic currency has continued to expand within the real estate industry. The technology behind the process of using electronic currency has not changed. Blockchain and tokenization, however, may change the way real estate is owned. Read more in this month's cyber buzz article entitled "TOKENIZATION of real estate."