#029 Bringing Real Estate onto the Blockchain with Natalia Karayaneva & Adam Brown of Propy
Smart Friends
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What Is the Scale of Title Fraud in Real Estate?
Natalia: The main problem is that the buyers, o home owners, are quired one of the most valuable assets in their life. And so there are a number of examples where a family a sends a down payment, and sometimes, ike 70 % of the whole mand doesn't make it because title insurance does not cover this type of fraud. An entire title and identity fraud also se covered by title insurance. Thatisles is great for claims for the promise in the past,. Ah, but not for siratacks. Well, that was completely unknown to me when you started propy. You know, you were trying to sort of solve the ages um the frictions in the
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