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For one thing, if the targeted property is vacant land, it can be months — or even years — before the real owner even discovers the fraud. Also, this type of scam is not a separate category in ...
Deed fraud has also frustrated regular property owners Scammers aren't just targeting the big fish. In 2023, William Gordon's vacant land in Arizona was sold to someone else without his knowledge .
The incident is just the latest example of what the FBI says is a growing and troubling new form of fraud affecting unsuspecting landowners nationwide. When a man claiming to own a vacant Randolph ...
This technique was used notably by the Gulf American Land Corporation in the communities of Cape Coral and Golden Gate Estates, Florida (for which they were found guilty of fraud by the Florida Land Sales Board [7]). It was a form of confidence trick. The new owners came to find their land was underwater in a swamp or in some other way ...
The Interstate Land Sales Full Disclosure Act of 1968 (ILSFDA or ILSA or "Act") was an act of Congress passed in 1968 to facilitate regulation of interstate land sales, to protect consumers from fraud and abuse in the sale or lease of land.
The Interstate Land Sales Full Disclosure Act of 1968 was passed in 1968 with the intention of helping protect consumers from land-related scams, but regulating the sale of land across state lines. [1] The act requires sellers to prepare center information about the piece of property they are trying to sell and disclose it in a "Property Report."
In 2022, the FBI received 11,727 real estate-related complaints with losses of over $396 million, an 86% increase versus 2020 levels.
It's a dangerous time to be a real estate investor scouting out parcels of land. The United States Secret Service Cybercrime Investigations division "has observed a sharp increase in reports of ...