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FBI’s 2023 Internet Crime Complaint Center (IC3) report revealed there were 9,521 real estate-based fraud complaints in 2023, which resulted in over $145 million in losses.
Real estate fraud takes many forms, but title fraud is one scam that's reportedly becoming more widespread. Title fraud happens when criminals — sometimes called title pirates — file fake ...
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.
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.
Evidence of ownership of property would typically be the production of a Title Sheet to the property or a formal and valid disposition, which the souvenir plot documents are unlikely to contain. Richard Bridgeman, 7th Earl of Bradford , estimates these sellers having an income of US$2,918,520 per acre (about US$7.2 million per hectare) of poor ...
In law, fraud is an intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law or criminal law, or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. [1]
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