First American CoreLogic Announces Free ePropertyWatch(TM) Monitoring Service for Homeowners
12 Octubre 2009 - 3:19PM
PR Newswire (US)
-Free Service Targets 'House Stealing' and Provides Monthly
Reporting on Home Values, Recent Neighborhood Sales, Price Trends
and Foreclosure Activity- SANTA ANA, Calif., Oct. 12
/PRNewswire-FirstCall/ -- First American CoreLogic, a member of The
First American Corporation (NYSE:FAF) family of companies and
America's largest provider of advanced property and ownership
information, analytics and services, today introduced a free
service that provides homeowners with valuable information on their
home and surrounding community. The service, called ePropertyWatch
(patent pending), provides homeowners with regular email updates on
the value of their property; recent sales, price trends and
foreclosure activity in their neighborhood; and public record
filings against their property. All homeowners whose homes are
included in the database coverage are eligible for the service.*
Homeowners can register for this free service at
http://www.epropertywatch.com/. Monitoring of public record filings
against properties is increasingly needed to guard against a new
and dangerous type of identity fraud called "house stealing." In a
house-stealing scam, con artists target a specific property and
assume the identity of that owner by creating fake identification
documents. They then purchase real estate forms easily obtained
from office supply stores and, through forgery and
misrepresentation, file these deeds with the proper public
authorities, thereby transferring properties fraudulently. So, even
though an owner may be living in a property and making their
monthly mortgage payments, somebody else may have assumed ownership
on paper and refinanced or even sold the home. Although the
homeowner would ultimately be protected, this type of fraud can
damage the owner's credit and create significant legal issues.
First American CoreLogic created ePropertyWatch as a free service
to allow homeowners to manage the value of their homes and protect
themselves against fraud. The company, which has more than 600,000
customers, monitors more than 65 million properties in 1,100
counties, as well as approximately 4.5 million real estate
transactions per month. Its customers include government agencies,
lenders and mortgage brokers, real estate agents, appraisers, title
insurance companies and investment firms. "We want to do everything
we can to help homeowners protect their investment in their home,"
said George Livermore, chief executive officer, First American
CoreLogic. "In this difficult real estate market, homeowners have
become keenly aware of the need to monitor the value of their home,
watch for real estate trends that affect their community and
protect themselves against fraud. This is an easy way for
homeowners to make sure they're on top of the activity affecting
the value and security of what is, for most people, their largest
investment." *Not available in all areas. About First American
CoreLogic First American CoreLogic, a member of The First American
Corporation (NYSE:FAF) family of companies, is the largest provider
in the U.S. of real estate, property, ownership, fraud, mortgage
and mortgage securities data--and the advanced analytics that use
them--for the assessment of real estate sales, collateral
valuation, home price trends, mortgage originations, mortgage- and
asset-based securities pricing, foreclosures, delinquencies and
asset dispositions. Our market-specific data covers 98 percent of
all U.S. ZIP codes and 3,059 counties in all 50 states and the
District of Columbia, representing 99 percent of the U.S.
population, 97 percent of all properties (140 million), more than
50 million active mortgages, and 96 percent of loan-level,
non-agency mortgage securities. First American CoreLogic's products
and services enable customers to manage credit and mortgage risk,
protect against fraud, acquire and retain customers, mitigate loss,
decrease mortgage-transaction cycle times, value properties
accurately, determine real estate trends and project future market
performance. For more information about First American CoreLogic,
please visit http://www.facorelogic.com/. About First American The
First American Corporation (NYSE:FAF) is a FORTUNE 500® company
that traces its history to 1889. With revenues of approximately
$6.2 billion in 2008, it is America's largest provider of business
information. First American combines advanced analytics with its
vast data resources to supply businesses and consumers with
valuable information products to support the major economic events
of people's lives, such as getting a job, renting an apartment,
buying a car or house, securing a mortgage and opening or buying a
business. The First American Family of Companies, many of which
command leading market share positions in their respective
industries, operate within five primary business segments,
including: Title Insurance and Services, Specialty Insurance,
Information and Outsourcing Solutions, Data and Analytic Solutions,
and Risk Mitigation and Business Solutions. More information about
the company and an archive of its press releases can be found at
http://www.firstam.com/. Media Contact: Carrie Gaska Corporate
Communications The First American Corporation (714) 250-3298 -
Investor Contact: Mark Seaton Investor Relations The First American
Corporation (714) 250-4264 - DATASOURCE: The First American
Corporation CONTACT: Media, Carrie Gaska, Corporate Communications,
+1-714-250-3298, , or Investors, Mark Seaton, Investor Relations,
+1-714-250-4264, , both of The First American Corporation Web Site:
http://www.firstam.com/
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