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What is home title fraud? Home title fraud occurs when scammers impersonate homeowners to refinance or sell a victim’s property and pocket the money. This type of fraud can be devastating and ...
Home title theft is when a criminal gains the title to your home and either sells it or takes out a mortgage on it. The bad guys do this by simply forging your name on a deed and recording it with ...
Also, the New York Post reported recently on the growing number of title fraud claims, including a recent Detroit case involving a scammer who stole more than 30 homes.
In many cases, the parents would have been able to exempt the home and carry it safely through a bankruptcy if they had retained title or had recovered title before filing. Even good faith purchasers of property who are the recipients of fraudulent transfers are only partially protected by the law in the U.S.
Mortgage fraud by borrowers from US Department of the Treasury [7]. Mortgage fraud may be perpetrated by one or more participants in a loan transaction, including the borrower; a loan officer who originates the mortgage; a real estate agent, appraiser, a title or escrow representative or attorney; or by multiple parties as in the example of the fraud ring described above.
Some real-estate scammers operate by transferring a home's deed away from its rightful owners. The owner of a $137.5 million LA mansion says they're a victim of deed fraud and can't sell it.
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