Transaction Risk Management

Key Takeaways

• Wire fraud losses exceed $400M annually — verbal verification of wire instructions at known phone numbers is non-negotiable.
• Title defects can surface post-closing despite a clean search — owner's title insurance is the primary protection.
• Mechanic's liens can be filed after closing for pre-closing work — lien waiver affidavits and title insurance provide protection.
• Structural protections (enhanced title insurance, surviving reps and warranties, post-closing reserves) create multiple layers of defense.