Real Estate Wire Transfer Fraud is Real

The American Land Title Association (ALTA) says that more than 11,600 people fell victim to real estate wire transfer fraud in 2019, resulting in more than $221 million being stolen. The scams involve huge amounts of money. The scams are sophisticated. People you would never think could be scammed are being caught up in these

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Rental application fraud rises during COVID-19 pandemic

Rental application fraud has grown significantly since the COVID-19 crisis began, according to new data from real estate technology and fraud detection company Snappt. The company’s latest report shows that application fraud has increased by 9% month-over-month since the pandemic began, with many inflating their income to qualify for rentals, or else disguising the source

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Kansas City couple lose $130K in down payment scam

A couple from Kansas City, Missouri, recently lost a massive $130,000 down payment in a money wire scam that’s becoming increasingly prevalent in real estate transactions. The couple, Ross and Melinda Fulton, were trying to buy a home so that they could live closer to their daughters and grandchild in the Kansas City area. They

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Mortgage application fraud grows 17% in first half of 2017

Mortgage fraud is back in vogue with reports suggesting that a growing number of borrowers are lying on their loan applications.

Beware of ‘phishing’ email attacks via Google Docs

Hackers have developed a new scam involving Google Docs that was widely reported this week.

CoreLogic warns of new “reverse occupancy scam”

CoreLogic is warning that mortgage fraudsters have reversed their approach to one of the most traditional occupancy scams in the book.

Rex Alan Harris charged with real estate TV ad scam

Police have arrested and charged a Louisiana man for carrying out an alleged advertising scam targeting real estate professionals.

Houston couple lands $5.4M in Wells Fargo foreclosure fraud case

Throughout the foreclose crisis we’ve seen hundreds, if not thousands of stories where the foreclosed homeowners claim the bank has broken the law by foreclosing on their home.

Is America’s Recovery Deflated by Crooks? A Ponzi Legacy

Ponzi Schemes and other examples of fraud cast a giant shadow on America’s recovery and overall future. Just how prevalent property and investment fraud are is not totally clear, but losing billions to criminals cannot help the American Dream.

Real Estate Investment Fraud 101 – Avoiding Over-Encumbered Property

These days many folks with cash savings, CD’s or IRA’s are in search of ways to increase their returns. Interest rates for bank CD’s, savings accounts, money market funds and IRA’s are just not what they used to be, and so many folks are considering non-traditional investments, because of the potential for higher interest income.

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