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Sadly, undoing the scam requires going to court. "The person who forged the deed is now the property owner," real estate attorney Arash Sadat explained to ABC7 Eyewitness News. "So, for you to get ...
However, in 2023, it processed a total of 9,521 real-estate-related complaints — which it defines as a loss of funds from a real-estate investment — resulting in more than $145 million in losses.
In 2022, the FBI received 11,727 real estate-related complaints with losses of over $396 million, an 86% increase versus 2020 levels. Home sale scams ramp up amid a housing market short on ...
Equity stripping or equity skimming is a variation on lease-buyback and is one of the most common types of foreclosure rescue schemes. [4] In it, the perpetrator assumes ownership of the house while allowing the former owner to continue living there, provided that s/he pay rent to the perpetrator, who is the new owner.
By 1993, there were a few occupied houses on the site, but most of the properties were still for sale. One owner, tired of the many reporters who visited the site, hung a sign saying "Go Home, Idiots". [57] By 2007, there were about 12 houses in the subdivision, with the last lot up for sale by son, Chris Wade Jr., for $25,000.
On September 21, 2010, HousingWire ran an article citing defects in affidavits used in some foreclosure cases at Ally Financial, [17] formerly known as GMAC Mortgage. "This situation with GMAC isn't limited to GMAC," Margery Golant, of Golant & Golant, a foreclosure law firm in Boca Raton, Florida , said in an interview with HousingWire ...
Property Fraud Alert, PFA, is a free service where Tarrant County property owners can sign up to have their name tracked to monitor fraudulent activity. Once enrolled, PFA will scan the exact name ...
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