A new threat has emerged in Florida’s real estate industry: the so-called “Ghost Title Agencies.” This type of fraud involves scammers creating fake companies that appear to be legitimate businesses in order to deceive real estate professionals and their clients.
How Do Ghost Agencies Operate?
Fraudsters typically:
- Register fictitious companies on Sunbiz.org (Florida’s Division of Corporations).
- Create professional-looking websites and open bank accounts to appear legitimate.
- Pose as real title agencies and offer to facilitate transactions for unsuspecting buyers or sellers.
In doing so, they exploit the trust of real estate professionals to commit fraud.
Official Recommendations
According to the Florida Land Title Association (FLTA) and the American Land Title Association (ALTA), realtors and other industry professionals must take precautions to avoid falling victim to these schemes. Recommended measures include:
- Verify company registrations on Sunbiz.org or through Florida’s Division of Corporations.
- Check for duplicate or similar names that could be used to impersonate your business.
- Confirm FEI/EIN numbers are not being duplicated.
- Monitor for fraudulent websites
- Report suspicious activity
- Informe a las autoridades locales.
- Notify local authorities and the Florida Land Title Association (FLTA).
Stay Informed
This type of fraud is on the rise and can directly impact real estate professionals. Staying alert and following FLTA’s recommendations is essential to protecting both your clients and your business.
How We Can Help You
At First Title Group, we understand the importance of working with security and confidence in every transaction. Our team is ready to guide you through these situations, providing clear, transparent processes protected against potential risks. With us by your side, you can focus on what truly matters: closing your deal with peace of mind.
Contact us today to learn how we can help you close with total confidence:
📞 WhatsApp: +1 (786) 624 9154
📞 Phone: +1 (786) 409 2812
🏢 Address: 7791 NW 46 Street Suite 206, Miami, FL 33166
📧 Email: info@firsttitlegroup.com
All information provided in this article is for informational and reference purposes only. First Title Group is not responsible for any decisions readers may make based on this content. Every situation is unique, and we recommend seeking our advice before making any important decisions regarding title insurance.