This 'Boring' Real Estate Insurance Isn't Going Anywhere

In May, legendary singer Elvis Presley's Graceland estate was set to go up for auction... A company called Naussany Investments & Private Lending claimed that Elvis' late daughter Lisa Marie Presley used Graceland's deed as collateral for a $3.8 million loan before she passed away. [Chaikin PowerFeed]( This 'Boring' Real Estate Insurance Isn't Going Anywhere By Marc Chaikin, founder, Chaikin Analytics In May, legendary singer Elvis Presley's Graceland estate was set to go up for auction... A company called Naussany Investments & Private Lending claimed that Elvis' late daughter Lisa Marie Presley used Graceland's deed as collateral for a $3.8 million loan before she passed away. In 2023, Naussany tried to settle the debt. It wanted to collect nearly $2.9 million from the Presley family trust. Lisa Marie's daughter Riley Keough oversaw the trust. And when she pushed back, Naussany gave notice of an auction for Graceland. Keough successfully sued to stop the sale. She claimed that someone had forged Lisa Marie's signatures in the loan documents. And Naussany wasn't even a real company. A scammer appears to have created the entire entity. As you would expect, not all property owners in the U.S. are as fortunate when it comes to detecting real estate scams. And that's why one type of insurance in real estate is so critical... Recommended Links: ['A New Surge of Crashes Will Rock the U.S. Stock Market']( The man CNBC's Jim Cramer said he would never bet against just issued a dire warning, including a 90-day threat that's coming for U.S. stocks and how you need to prepare immediately. We recommend you get the facts for yourself – [learn more here](. [How We'll Know the Exact Day This Bull Market Will End]( Porter Stansberry accurately predicted the world's largest mortgage brokers – Fannie Mae and Freddie Mac – were headed toward bankruptcy. He did the same with General Motors in January 2007. Now, he's warning about the No. 1 most dangerous investment in America... and THE one strategy anyone subscribing to financial research should implement immediately. [Stream Porter's market update here](. For example, back in 1999, a man named William Gordon bought a 3.3-acre plot of undeveloped land in Arizona. He set it aside for building his retirement home. Over the years, Gordon diligently paid the mortgage on the property. Then in March 2023, he suddenly got a letter from his title company congratulating him on the land sale. Gordon's property had sold for $200,000 without his knowledge. While he eventually won back his land, thousands of others weren't as lucky... According to the FBI, 9,521 people suffered from real estate scams in 2023 alone. And they lost more than $145 million combined. Meanwhile, a recent study from the American Land Title Association noted that seller impersonation is a growing problem in the real estate industry. According to the study, 28% of title-insurance companies saw at least one seller impersonation fraud attempt last year. These fraudsters typically target non-occupied properties like Gordon's lot in Arizona and vacant homes. And as you can see in the chart below, the U.S. has millions of these kind of properties... As of the second quarter of this year, the U.S. government classified more than 15 million housing units as vacant. That figure isn't as high as it was during the subprime mortgage crisis and great financial crisis. But it's up about 10% from the pandemic lows. Put simply, there's no shortage of seemingly easy targets for real estate fraud. Now, the vast majority of privately owned properties in the U.S. have lender's title insurance. That's because lenders require homeowners to take on this kind of insurance. It protects the lender's financial interests as long as there's a mortgage on the property. But many existing homes lack owner's title insurance. This protects the homeowner in the event of an undiscovered problem with a property's title. More importantly, it can help provide a cash settlement to a new owner who unwittingly purchases a property from a fraudulent seller. Without owner's title insurance, the person who bought Gordon's property in Arizona wouldn't have gotten back their $200,000. Each year, about 1 out of every 5 homebuyers chooses not to purchase owner's title insurance. That's a huge figure. And it exposes millions of people to potential fraud attempts – not to mention legitimate issues with a title that didn't come up during the homebuying process. Now, you've probably noticed that the calls to lower the cost of homebuying are growing louder. Many folks feel like the industry stacks the homebuying process with unnecessary fees. And some have even called for the end of title insurance. But as long as fraud exists... especially in a transaction as big as buying a home or property... title insurance will be part of the deal. Yes, we all know that the housing market has been a mess. But millions of folks want to buy houses. Demand can't stay pent up forever. And when it unleashes, that means more title-insurances polices need to be written. Put simply, this type of "boring" insurance isn't going away anytime soon. And the companies that provide it win when real estate changes hands. Good investing, Marc Chaikin P.S. In case you missed it, you still have a chance to catch my latest critical stock warning... Last Thursday, I went on camera to shed some light on what you can expect for the stock market over the next 90 days. In short, we're in the early innings of an extraordinary market phenomenon. It's one we haven't seen in years. And whether you win or lose from what's unfolding comes down to what you do with your money this week. So don't delay. Watch my free special briefing with all the details [right here](. Market View Major Indexes and Notable Sectors # Hld: Bullish Neutral Bearish Dow 30 +0.13% 11 17 2 S&P 500 +0.25% 155 290 51 Nasdaq +0.27% 17 65 18 Small Caps -0.37% 609 953 360 Bonds -0.21% Consumer Discretionary +1.01% 10 31 10 — According to the Chaikin Power Bar, Large Cap stocks and Small Cap stocks are Bullish. Major indexes are mixed. * * * * Sector Tracker Sector movement over the last 5 days Discretionary +3.39% Energy +2.95% Industrials +1.83% Utilities +1.5% Communication +1.2% Information Technology +1.13% Materials +0.98% Financial +0.78% Real Estate -1.1% Staples -1.39% Health Care -1.81% * * * * Industry Focus Retail Services 14 42 21 Over the past 6 months, the Retail subsector (XRT) has underperformed the S&P 500 by -9.63%. Its Power Bar ratio, which measures future potential, is Weak, with more Bearish than Bullish stocks. It is currently ranked #17 of 21 subsectors and has moved up 1 slot over the past week. Indicative Stocks [rating] KMX CarMax, Inc. [rating] VVV Valvoline Inc. [rating] SVV Savers Value Village * * * * Top Movers Gainers [rating] TSLA +4.93% [rating] FSLR +3.78% [rating] TPR +3.64% [rating] BBWI +3.62% [rating] VST +3.48% Losers [rating] REGN -4.63% [rating] MCO -3.17% [rating] ROST -2.81% [rating] CSX -2.61% [rating] INCY -2.46% * * * * Earnings Report Reporting Today Rating Before Open After Close THO AZO No earnings reporting today. Earnings Surprises [rating] AIR AAR Corp. Q1 $0.85 Beat by $0.03 * * * * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, [click here](. You’re receiving this e-mail at {EMAIL}. For questions about your account or to speak with customer service, call [+1 (877) 697-6783 (U.S.)](tel:18776976783), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. 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