One of people’s major goal in life is to be able to buy their dream home. But what if you’ve saved so much money for so long only to find out that you lost your money from a real estate fraud? Real estate fraud is an illegal activity, it is a misrepresentation of information regarding real estate documents or mortgage loans.
There are different types of frauds when it comes to real estate, the most common ones are computer fraud (anything real estate related that is changed or stolen online), title fraud (stolen identity used to sell properties), foreclosure fraud (mortgage lender steals consumer’s home to sell to cover their own debt) These cases are all punishable by law. A person who is caught doing real estate fraud can be put into jail and charged a hefty fine. It is a serious crime and should not be taken lightly as it victimizes thousands of people every year.