Victor Petrescu is featured in a Miami Today article where he discusses the alarming rise in wire fraud schemes targeting real estate transactions and emphasizes the urgent need for stronger security measures and industry-wide awareness to combat this growing threat. Victor explains that wire fraud can be seen in a variety of situations. “Sometimes it’s […]

Victor Petrescu is featured in Business Insider where he explains that owners of properties worth just a fraction of the price of Spelling Manor are likely to experience deed theft. “With these smaller transactions, a lot of closing agents are just trying to close these on a volume basis,” Victor said. “It may be easier […]

Victor Petrescu is featured in The Wall Street Journal where he discusses popular targets of title theft and mortgage fraud tied to scammers attempting to auction off Graceland, the iconic former home of music legend Elvis Presley. “While this audacious and complex attempt at defrauding a famous family made national news, most other cases of […]

Victor Petrescu is featured in Propmodo where he discusses the growing problem of deed theft. “I’ve seen it time and time again. Now, with remote notarization, someone can just hold up an ID to the camera on Zoom. These people kind of know that if they do a mail-away closing with a remote notary, there’s […]

Victor Petrescu is featured in Business Insider where he discusses how to avoid getting scammed out of your home or becoming a victim of land fraud. “Make sure you’re checking the property records where your property is located every so often — every month, every two months,” Victor said. “You’ll see documents being recorded before […]

Victor Petrescu is featured in Realtor Magazine where he shares the dangers of real estate and rental scams and what to watch for. “Title piracy has become increasingly more common since 2020, especially with the rise of remote and mail-away closings and remote notarization in our post-COVID society. It has been an especially big issue […]

Victor Petrescu is quoted in a GlobeSt article discussing what will happen once the home foreclosure moratorium is lifted. “Unemployed and underemployed borrowers will be in the worst position once the moratorium is lifted,” Petrescu said. Read more.

Victor Petrescu is quoted in The Real Deal on the impact of extensions for the ban on residential foreclosures and evictions. “Mortgage lenders are getting nervous that the people they’re lending money to are no longer getting paid,” Petrescu said. Read more.