See the original post and many others at my blog: www.titlerep.info
After reading a blog post or two about Coldwell Banker opening up a virtual office to serve the needs of those looking to buy real estate in the virtual world of Second Life, I began to wonder if there could be a need for a "virtual" Title and Escrow company? See Joel Burslem's post at FoREM for a little background on the Coldwell Banker office: here.
Why not? They already have hotel chains, strip clubs, several car dealers, and an island owned by Wells Fargo. There is real money trading hands here. A lot of it.
According to the Second Life stats as of this this evening:
Total Residents: 5,177,278
Logged In Last 60 Days: 1,626,207
Online Now: 19,773
US$ Spent Last 24h: $1,616,951
Can that be right? 1.6 million dollars in 24 hour? Must be. A little research and I found an article (here) that mentions a couple of companies forming a partnership and purchasing 150 million Lindens, the currency used in Second Life, which would equal just over $550,000 US dollars.
So, back to my original idea. Who will be the first Title and Escrow company to offer their services on Second Life?
;)
;)
