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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.
In 2014, Brown was implicated in deed fraud when he purchased a property at 2312 Reed Street for $15,000 cash from owner Norman Johnson who had been deceased for over a decade. Johnson's rightful heirs reacquired the property in court after a judge nullified the forged deed. [57] He faced criminal charges, which were eventually dropped. [13]
In the purchase, the Penn family and proprietors produced a deed to claim that a 1686 treaty with the Lenape ceded an area of 1,200,000 acres (4,860 km 2) in present-day Lehigh Valley and Northeastern Pennsylvania in colonial Pennsylvania, which included a western land boundary extending as far west as a man could walk in a day and a half ...
Real estate fraud takes many forms, ... "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 title ...
This leaves the rightful owner without the title and deed to the house and forced to go to court to try and get their property back. ... the agency's 2023 Internet Crime Report shows there were ...
Actual fraud typically involves a debtor who as part of an asset protection scheme donates his assets, usually to an "insider", and leaves himself nothing to pay his creditors. Constructive fraud does not relate to fraudulent intent, but rather to the underlying economics of the transaction, if it took place for less than reasonably equivalent ...
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