Truth about Real Estate Fraud
What is real estate fraud anyway? To understand what it is, I would discuss the types of fraud that covers real estate.
MORTGAGE FRAUD
This type of fraud involves fraudsters that acquires properties then illegally increased the property’s value through a series of resale. The mortgage is then secured based on the ballooned price of the property.
TITLE FRAUD
This type of fraud involves fraudsters that use stolen or forged documents to transfer a legitimate registered land title to himself without the knowledge of the real owners.