How To Avoid Real Estate Fraud (part 2)
Thursday, March 11th, 2010 Posted in Detection, News, Real Estate Fraud | No Comments »How To Avoid Real Estate Fraud Other Red Flags While the above "red flags" are frequently used there are many other indicators that you need to be aware of: "Rebates" on Sales Price "Rebates" on Broker's Fee Overly Inflated Sales Prices Land Flips Commission Based on ...
Foreclosure schemes
Thursday, February 11th, 2010 Posted in Detection, Real Estate Fraud | No Comments »Foreclosure schemes. These are particularly evil because they prey on people with big enough financial problems that they're in danger of losing their home. A homeowner in the early stages of foreclosure may be contacted by a fraudster who says ...
Straw buyers
Friday, January 8th, 2010 Posted in Detection, Real Estate Fraud | No Comments »Straw buyers. One of the most frequent types of fraud occurs when "straw buyers" are used to hide the identity of the true borrower, who would not qualify for the mortgage. "The perpetrators use a straw buyer because they have ...
Real estate fraud exposed
Thursday, November 5th, 2009 Posted in Detection | No Comments »Be a hero in the neighborhood: stop real estate fraud. Stopping real estate fraud requires awareness, consciousness and guts to expose those you know to be fraudulent transactions. A neighborhood association in North Minneapolis successfully abated the illegal practices of Jonathan ...
Cash back at Closing
Wednesday, April 29th, 2009 Posted in Detection, Information, News, Real Estate Fraud | No Comments »Though the action or ploy has been ruled out as illegal for a long time but people simply cannot resist the promise of cash when they do closing deal. The promise of a win-win situation for all concerned is the ...
Of Fake Titles and Title Insurance Firms
Sunday, March 29th, 2009 Posted in Detection, Information, News, Real Estate Fraud, Scams | No Comments »Land 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 ...
House Stealing
Tuesday, December 30th, 2008 Posted in Detection, Information, News, Real Estate Fraud, State protection | No Comments »The FBI has released information regarding this rather uncommon crime wherein you, the homeowner can get your home (not the contents) stolen right under your nose without you even knowing about it. Called House Stealing, it has a crook assuming ...
Be cautious of the Real Estate fraud
Thursday, August 14th, 2008 Posted in Detection, Information, News, Real Estate, Real Estate Fraud, Scams, State protection, Updates, Victims | No Comments »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 ...
Counteracting real estate fraud
Wednesday, April 30th, 2008 Posted in Detection | No Comments »fotosearch.com 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 ...