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October 9, 2024 7 mins
In this episode of the Maine Real Estate Roundtable, I break down why asking for ID during a real estate transaction isn’t just about trust—it’s a non-negotiable step in ensuring a secure and legitimate closing. We’ll dive into why closing and title companies must verify the identity of buyers and sellers, not only to protect the transaction from fraud but also to meet legal requirements. From notarizing crucial documents like deeds and mortgages to complying with the U.S. Patriot Act, ID verification safeguards everyone involved. Tune in to learn how this simple step helps prevent identity theft, ensures parties are legitimate, and keeps your transaction on track.
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