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Thanks to title pirates, title fraud is in the spotlight, which is where scammers basically forge documents to steal someone else’s home. However, real estate experts have revealed that by ...
Title is used to track legal ownership, and when someone transfers the title to themselves, they become the owner of record. This often happens when someone files a fraudulent deed with the local ...
Having your house stolen may seem unlikely, but the FBI has been warning about the crime for decades, as evidenced by a 2008 story describing " house stealing" as the "latest scam on the block."
Insurance fraud includes a wide variety of schemes in which insureds attempt to defraud their own insurance carriers, but when the victim is a private individual, the con artist tricks the mark into damaging, for example, the con artist's car, or injuring the con artist, in a manner that the con artist can later exaggerate.
The property taken must be "of another". Thus wild animals cannot be stolen, although possession of a wild animal can itself be unlawful. Nor can co-owners be guilty of larceny. Larceny is a crime against possession. Therefore, it is possible for the person who has title to the property to steal the property from a person who had lawful possession.
The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. [1] Typically the real property interests insured are fee simple ownership or a mortgage. However, title insurance can be purchased to insure any interest in real property, including an easement, lease, or life estate.