Protect Your Home from Deed Fraud with Cutting-Edge Technology: Expert Insights with Robert Reich

Protect Your Home from Deed Fraud with Cutting-Edge Technology: Expert Insights with Robert Reich

Introduction and Guest Background:
Hello, this is Brenden Rendo with The Homes Orlando Team, and I’m joined today by Robert Reich, the VP of Technology at Voxtur. Robert has been developing advanced security technologies to protect homeowners from various types of fraud, which are crucial to understand in today's real estate market.

Understanding the Current Real Estate Market and Security Concerns:
The real estate market is facing numerous challenges, not just in terms of sales and inventory numbers but also concerning the security of your home. Robert Reich has been developing incredible technology aimed at addressing these security issues, focusing particularly on deed fraud and seller fraud. These types of fraud have seen a dramatic increase, with deed fraud alone rising by 6,000% since 2011.

Deed Fraud Explained:
Deed fraud occurs when a bad actor records a fraudulent deed at the county recorder’s office, effectively transferring ownership of your property to themselves without your knowledge. This can happen easily because many county offices do not thoroughly vet the documents or the individuals submitting them. As a result, once the fraudulent deed is recorded, the fraudster can refinance or sell your home, leaving you with limited recourse to reclaim your property.

Introducing Equity Protect:
To combat these threats, Voxtur developed Equity Protect, a technology and product designed to prevent fraudulent conveyance of property. Unlike traditional systems that only alert homeowners after a fraudulent deed has been recorded, Equity Protect locks down the title of your property, preventing any unauthorized conveyance attempts. This system works similarly to credit freeze services provided by credit agencies, ensuring that any fraudulent activity is stopped before it can cause harm.

How Equity Protect Works:
Equity Protect places a “red stop sign” on your property title, alerting title agents and blocking any unauthorized sale or refinancing attempts. Additionally, the system includes insurance coverage, ensuring that homeowners are compensated if the technology fails to prevent fraud. This dual-layer protection gives homeowners peace of mind, knowing that their property is secure.

3D Biometric Security:
In addition to Equity Protect, Voxtur has developed 3D Biometric Security, a cutting-edge technology that ensures the identity of individuals involved in property transactions. This system uses advanced facial recognition and data from government-issued IDs to verify identities, reducing the risk of fraud during real estate transactions. This technology is invaluable for realtors, notaries, and anyone who frequently meets new clients, providing an extra layer of security and peace of mind.

AI and Real Estate:
Robert also discusses the role of artificial intelligence (AI) in enhancing real estate security. AI technologies, like those used in Equity Protect and 3D Biometric Security, continuously evolve and improve, providing increasingly sophisticated protection against fraud. AI can analyze vast amounts of data quickly, identifying patterns and anomalies that may indicate fraudulent activity.

LinkedIn for Real Estate Professionals:
In addition to discussing security technologies, Robert shares valuable insights on leveraging LinkedIn for real estate professionals. LinkedIn is a powerful platform for networking and connecting with potential clients, especially those with higher incomes who are likely to invest in real estate. By providing valuable information and insights through LinkedIn, real estate professionals can build trust and establish themselves as industry experts.

AI Tools for Real Estate:
Robert introduces various AI tools that can streamline real estate operations. For instance, Raza.io is an AI-driven newsletter tool that curates and sends personalized content to your email list, helping you stay connected with your audience without overwhelming them with irrelevant information. This tool learns from user interactions, continuously improving the relevance of the content it delivers.

Conclusion:
As deed fraud and other real estate frauds become increasingly prevalent, it’s crucial to stay informed and take proactive measures to protect your property. Technologies like Equity Protect and 3D Biometric Security offer robust solutions to these challenges, ensuring that your largest investment remains secure. For more information on these technologies and how they can benefit you, reach out to Robert Reich at robert.reich@voxtur.com.