{"id":12113,"date":"2017-08-14T10:57:36","date_gmt":"2017-08-14T15:57:36","guid":{"rendered":"https:\/\/therealdaily.com\/?p=12113"},"modified":"2017-08-14T10:57:52","modified_gmt":"2017-08-14T15:57:52","slug":"buyerdocs-exclusive","status":"publish","type":"post","link":"https:\/\/theamericangenius.com\/housing\/real-estate-brokers\/buyerdocs-exclusive\/","title":{"rendered":"BuyerDocs could save consumers (and brokers) bajillions #exclusive"},"content":{"rendered":"<h2>A lot of moola<\/h2>\n<p>Thirty billion dollars. That&#8217;s the amount that is lost every year to wire fraud. And who is a top target for these ruthless scammers? Real estate.<\/p>\n<div align=\"center\"><strong>Read also: <a href=\"https:\/\/therealdaily.com\/homeownership\/foreclosure-scams\/\">Closing in on nasty foreclosure scams<\/a><\/strong><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/theamericangenius.com\/wp-content\/uploads\/2017\/02\/bar.jpg\" alt=\"bar\" width=\"100\" height=\"19\" class=\"alignnone size-full wp-image-91813\" \/><\/p>\n<h2>To court they go<\/h2>\n<p>This summer, <a href=\"https:\/\/therealdaily.com\/homeownership\/couple-sues-real-estate-agent-title-co-bank-wire-fraud-watchout\/\" target=\"_blank\" rel=\"noopener\">a couple was scammed out of $272,000<\/a> after being duped by a simple wire transfer request that they were expecting so they could close on their home. With that money hopelessly gone, they are suing.<\/p>\n<p>They are suing their title company. They are suing the bank. They&#8217;re even suing the real estate agent.<\/p>\n<p>Several brokerages have instituted safeguards with teams instructing their clients to only respond to wire transfer requests through the brokerage&#8217;s secure system. But what of the other thousands of brokerages and independents that haven&#8217;t even pondered the possibility of the expanding wire fraud problem?<\/p>\n<h2>BuyerDocs for the win<\/h2>\n<p>Enter <a href=\"https:\/\/buyerdocs.com\/\" target=\"_blank\" rel=\"noopener\">BuyerDocs<\/a> &#8211; <em>The Real Daily<\/em> got an exclusive first look at this real estate tech startup that wants to cut the wires of fraud that scammers use once and for all.<\/p>\n<p>BuyerDocs aims to remove wire fraud from residential real estate by securing document delivery for home buyers &#8211; title companies get on board and over time, the industry standard is established, even with a two-person brokerage in small town America who hasn&#8217;t thought about wire fraud before (and now won&#8217;t have to).<\/p>\n<blockquote><p>Title companies were previously the most vulnerable to consumers suing, but they&#8217;re casting wider nets to include brokers and agents.<\/p><\/blockquote>\n<p>Abigail White, BuyerDocs Cofounder &amp; CMO said, &#8220;Once we discovered the severity of wire fraud in modern real estate and that it could have happened to us, we wanted to serve the public by creating a secure service that could potentially revolutionize the home buying process.&#8221;<\/p>\n<h2>Make it happen<\/h2>\n<p>So how does it go mainstream? You can do your part by sending this story to your local title company &#8211; <a href=\"https:\/\/buyerdocs.com\/contact#register\" target=\"_blank\" rel=\"noopener\">they can sign up to use BuyerDocs for free<\/a>, and with industry pressure, mainstream adoption will not only save consumers billions of dollars every year, it may just save your hide from the next lawsuit.<\/p>\n<h3>#BuyerDocs<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>(TECHNOLOGY NEWS) BuyerDocs is a real estate tech startup that wants to cast a wide net of protection over buyers and brokers who are common targets of scammers.<\/p>\n","protected":false},"author":335811,"featured_media":12114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"wds_primary_category":0,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[94],"tags":[1651,1234,515],"class_list":["post-12113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-brokers","tag-buyerdocs","tag-real-estate-news","tag-real-estate-tech-2"],"jetpack_featured_media_url":"https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2017\/08\/buyerdocs.png","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/12113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/users\/335811"}],"replies":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/comments?post=12113"}],"version-history":[{"count":6,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/12113\/revisions"}],"predecessor-version":[{"id":12120,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/12113\/revisions\/12120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media\/12114"}],"wp:attachment":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media?parent=12113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/categories?post=12113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/tags?post=12113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}