Your guide to real estate fraud

親和性詐欺に気をつけて

July 3rd, 2015 Posted in Imp @ja | Comments Off


最近では世界中に多数の宗教グループが存在します。 これらの地域のグループは信頼、信条、愛などを共有し、お互いを助け合う努力をします。 残念なことに、時々この信頼は同士を騙し、盗みを働く無節操な人間に利用されます。 ある人間が自分の宗教グループでの地位を利用し、投資家との信頼を築くことを不動産用語で親和性詐欺と呼びます。 このような悪事の責任を持つ者は、通常グループ内で高い地位を誇るか、尊敬されています。 多数の投資家が何百万ドルという金額を騙し取られるため、親和性詐欺は個人やグループ全体に非常に破壊的です。 ほとんどの投資家が普通の労働者で信頼を失ったばかりか、一生涯の蓄えも失うため、特に悲劇的といえるでしょう。

Be cautious of the Real Estate fraud

June 26th, 2015 Posted in Detection, Information, News, Real Estate, Real Estate Fraud, Scams, State protection, Updates, Victims | Comments Off


Image Source: www.wjfa.net
Be cautious of any real estate frauds, since many people are venturing nowadays onto these illegal matters just to earn quick money. Some things to watch out for are those real estate industry professionals who conduct 100 percent of their business on a cell phone on the road. Upstanding real estate industry professionals almost always have an official office and telephone line. Verify these information’s through checking the licenses of the real estate agencies in a state, county or city regulatory agencies. Make sure that you are conducting your business transactions at either the real estate professionals’ office or in a bank. Doing this gives you a further opportunity to verify the agent or the broker’s professional standing, as well as alleviates pressure you may feel if someone is strong- arming you inside your own home. And make sure that the name on any documents you are going to sign matches the name of your own personal identification cards.

Real estate fraud lair

June 19th, 2015 Posted in Victims | Comments Off

fotosearch.com
grinning man
Because they desperately want to buy their own house, they fall in the lair.

Let’s face it. The boom in real estate market has made fraud and fake estate plans very tempting to perpetrators who dream of getting rich at any expense and lawbreakers who want to camouflage their crime proceeds in another setting have likewise thrown their hats in the ring.

Victims of real estate fraud are mostly families with income falling under low brackets, who get attracted to get housing loans they can hardly afford. The perpetrator’s common trick here is to offer the poor victims loan agreements that give “great deals” which supposedly will immensely “benefit” the borrowers. However, unknown to the victims, there are undisclosed shady deals lurking under the provisions of the contract.

How To Fight Fraud

June 12th, 2015 Posted in Information | No Comments »

There are different fraud and scams on real estate that are now prevalent throughout the world. The rate in fact is embarrassingly high and people are losing millions of dollars. Though there are numerous effort to stop this, there are still so many people getting scammed each day. Most fraud takes place in the mortgage application process. It can be done using fake identification, misrepresentation of facts, fabrication of important details such as employment history or credit reports. All of these are crimes and when caugh can be penalized or even imprisoned.

To fight fraud, one must be careful when dealing with real estate. If you are planning on purchasing, then a lot of research should be done prior. There are a lot of fake agents trying to scam people for money. Make sure that when talking to agents, you ask for all information regarding the company they are working for, and check for identification. You must also ask to talk to other people they have worked with. If for some reason, they can not provide the information you need; then move on. There are so many real estate agents out there and you will land the right one with patience and research.

 

Favela As Prime Real Estate

June 5th, 2015 Posted in News | No Comments »

When people talk about Favela, it normally means rival gangs fighting turf wars in shanty towns of Brazil. Now, in what seems like  a complete 360, it’s now a piece of prime real estate for European investors! The Rio de Janeiro’s Favela has been off limits to other people due it’s notorious reputation of drug trafficking. This past few years though, it is in the process of having a major overhaul. The police has now taken control and the transformation has been amazing so far. Though the rental price has gone very high, it is still taken advantage of by wealthy buyers. Ever real estate companies are opening offices. It’s very easy to do this because this place is a real estate gold mine! It has breathtaking views and nowadays, it is also clearly one of the most fashionable neighborhood in Rio. It has been quite busy with people battling to get a property but it has removed all of the gangs that has tainted the image of this once favela.

Red Flag Statements

May 29th, 2015 Posted in Real Estate | Comments Off

b3.jpgReal Estate Fraud is difficult to detect. But if you are familiar with the “red flags”, you’ll be able to identify that it is a fraud. Here are some “red flags” statement according to www.dfwrealtors.com.

1. The fee of an overblown price ($290,000 sales price for a home listed at $218,000).
2. Inflated appraisals (either knowingly by the appraiser or without the appraisers knowledge).
3. False financial reports by the borrower.
4. Contract and loan conditions that provide for alleged future improvements to made to the property.
5. False and inflated approximation from contractors for these purported improvements.
6. Extremely high fees to the mortgage broker or the real estate broker or both.
7. Last minute modifications to the contract inflating the sales price to a considrably higher amount.

Counteracting real estate fraud

May 22nd, 2015 Posted in Detection | Comments Off

fotosearch.com
agency office
There are many ways to counteract real estate frauds to avoid being victimized. One of the most common ways is by consulting a lawyer or expert before entering into any real estate loan contract. However, one should make sure the lawyer or expert consulted is a truly trusted and knowledgeable professional with regard to law and real estate transactions. You don’t want to be doubly victimized by scheming professionals who clothe themselves with a false “you can trust me” cloak, do you?

If you really want to feel secure and safe when transacting real estate business but you are wary about the trustworthiness of your agent or lawyer, you can seek assistance from BasePoint Analytics. BasePoint Analytics is a firm that provides full-service fraud diagnostics and custom analytic services that help you measure losses and minimize exposure. They do this by deploying advanced analytics and optimizing your processes within the existing production environment. Now isn’t that smart?

Of Fake Titles and Title Insurance Firms

May 15th, 2015 Posted in Detection, Information, News, Real Estate Fraud, Scams | Comments Off

landtitleLand titles are deemed to be the ultimate proof of ownership of a parcel of land which is generally accepted the world over. From various land management and title insurance firms come a risk of fake ones which have managed to pass through all the screening and verification processes that are put in place to check for such fake titles. Even with the event of digitization, most land management authorities still rely on the paper forms which signifies ownership and any other fact that may have to do with the land in question. Read the rest of this entry »

Definition of Real Estate in the Web According to Google

May 8th, 2015 Posted in News | Comments Off

Definition of Real Estate in the Web According to Google

  • A portion of the earth’s surface extending downward to the center to the earth and upward into space, including all things permanently …
    realestate.aol.com/glossary
  • Land and anything permanently attached to the land whether by nature or by person.
    www.rileycountyks.gov/index.asp
  • an identified parcel or tract of land, including improvements, if any.
    www.lucianoappraisals.com/gpage4.html
  • Term for land and all fixtures to land, including buildings and other improvements.
    www.assignmentscanada.ca/definitions/realestateterms.html
  • Land, including all inherent natural attributes and man-made improvements of a permanent nature placed thereon.
    www.buckeyereserve.com/glossary_of_terms.htm
  • Land and anything permanently affixed to it, including buildings, fences and other items attached to the structure.
    www.metrolibertymortgage.com/commonterms.html
  • One who is licensed by the state to carry on the business of dealing in real estate. A broker may receive a commission for his or her part in bringing together a buyer and seller, landlord and tenant, or parties to an exchange.
    www.titleguarantynm.com/glossary/glossary_b.asp
  • Land and all physical property on, below or attached to the land. Houses, sewers, trees and fences are all real estate.
    www.ncbuy.com/credit/glossary.html
  • A term which is used to describe land. Real property is transferred by a deed. All other property is known as personal property.
    www.national1credit.com/Commonly_Used_Legal_Terms1.html
  • Land and its appurtenances (attachments such as buildings or other structures or improvements)
    woodmoorsite.com/glossary.html
  • Includes real property, leasehold and business whether with or without premises, fixtures, stock in trade, good of chattels in connection with the operation of the business.
    www.ottawahomesandcondos.com/looking_buy_glossary.cfm
  • This refers to the physical land and appurtenances, including structures affixed thereto. In some states, by statute, this term is synonymous with real property.
    www.charmeck.org/Departments/LUESA/Property+Assessment+and+Land+Records/Real+Estate/Real+Estate+Terminology.htm
  • This is the land, appurtenances and all structures erected thereon. Usually used synonymously with real property.
    caruthersinc.com/glossary.php
  • A piece of land and whatever physical property is on it.
    bank-street.co.uk/glossary.html
  • land, improvements to the land (buildings), a mine or quarry, minerals, standing timber and any estate or interest in the previously mentioned property.
    www.appraisalrelief.org/en/cms/
  • Commonly used to mean land and whatever is attached to land (such as houses, trees, fences and the like).
    svc013.wic009tp.server-web.com/social_justice/ntreport05/app1.html
  • Homes, offices, or other land or buildings that you can invest in. An investor might choose to invest in a house if he thinks it is in a market where property values will rise in the near future.
    www.nfec.info/main/resources/glossary
  • is land and any additions and improvements, such as buildings, sewers, sidewalks, and anything else considered to be permanently attached to the land. …
    thismatter.com/Money/Real-Estate/Tutorial/Realty.htm
  • Land and those things erected or growing upon it, such as buildings, fences or crops. The term embraces items such as light, plumbing and heating fixtures when permanently attached.
    nesara.org/main/dictionary.htm
  • Land including all the natural resources and permanent buildings on it. Specialized technician A person with the knowledge and skill needed to carry out a specific technical procedure.
    www.economicadventure.org/teachers/glossary_dec.cfm
  • A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. See also “Real Property.”
    www.canequity.com/mortgage-resources/
  • This is the land itself and all things permanently attached to it.
    www.one-ifbyland.com/dictionary.htm
  • Such gifts will be counted at fair market value as determined by a qualified third-party appraiser, subject to IRS rules and regulations.
    www.wvuf.wvnet.edu/Text/tdefinition.htm
  • Land or land and improvements. Statutory law may broaden a definition of real property to include, for example, mineral rights or machinery permanently attached to a building. …
    www.co.gwinnett.ga.us/cgi-bin/gwincty/egov/ep/gcbrowse.do
  • real property: property consisting of houses and land
    wordnet.princeton.edu/perl/webwn
  • Real estate or immovable property is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings. …
    en.wikipedia.org/wiki/Real estate

Mortgage Fraud on the Rise

May 1st, 2015 Posted in Information, News, Real Estate Fraud, Scams | Comments Off

More and more cases of mortgage fraud are being reported the world over as life gets harder and homes are not selling like they used to. The scam has an individual making an offer for a new home while leaving an existing mortgage to default, filing for a mortgage before it does then allowing full foreclosure of the old home taking the refinancing cash and mortgage loan filed for the new home with them. This leaves the prospective seller losing their investment on the supposed sale, left to deal with the repercussions of their scrupulous buyer who disappears without a trace. Such activities should be reported to the many fraud agencies that are designated to handle such cases so others do not suffer the same fate as you do, making sure to pursue legal action so you can get your investment back in case of a scam.