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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.
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.
A breakthrough in alleged real estate fraud case against the ‘King of Coconut Grove’ ... As an example of Cox’s juggling act, the townhouse at 2960 Coconut Ave. has had four contracts on it ...
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure hunts, and charms and talismans.
Equity stripping, also known as equity skimming, is a type of foreclosure rescue scheme.Often considered a form of predatory lending, equity stripping became increasingly widespread in the early 2000s.
The city also improperly spent $120,252 from the trust fund of John Q. Hammons, the billionaire Springfield real estate developer who died in 2013, auditors found.
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] The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud , where the perpetrator ...
The ultimate victim of a real estate Ponzi scheme mastermind, who allegedly defrauded millions of dollars from his clients, could turn out to be his own wife of 38 years. The lesson for homeowners ...