Real Estate Deeds Made Easy Since 1997
A 91-year-old Floridian recently sent a payment to his insurer. Then the agent called to say the company wouldn’t be able to renew the homeowner’s policy. The deed had been transferred. The home was now legally owned by another person. Some days later, from his bedroom, this shocked and disoriented senior heard three people come …
Continue reading “Heirs, Protect the Seniors in Your Life From Deed Theft”
The office of the U.S. Department of Justice in the District of New Jersey recently made an announcement. Its investigation of a New Jersey mortgage fraud scheme is drawing to a successful close. A Jersey City resident concocted a series of crimes. Over the course of the scheme, a trio of collaborators bought properties and …
Continue reading “Notorious Jersey City Mortgage Fraudsters Face Justice”
A quitclaim deed is a simple form that transfers a piece of real estate from one person to another. Any homeowner can fill out a quitclaim deed with their name and the name of the recipient, and the property’s existing legal description, sign it in front of a notary and record the document. That effectively …
Continue reading “Using a Quitclaim Deed: What Are the Drawbacks?”
In Daytona Beach, a suspect has pleaded “not guilty” to organized fraud. The crime involved two homes, stolen by deed fraud, with multiple notaries enlisted as part of the scheme. The Volusia County, Florida suspect faces a first-degree felony charge, punishable by up to 30 years in prison. He is accused of creating fraudulent quitclaim …
Continue reading “Deed Scam Update: Fake Documents Transfer Dead Floridians’ Houses”
Mortgage fraud involves a loan approval based on false statements or omissions. It can also involve getting some other kind of improper advantage from a lender through false statements — such as being allowed to make a reduced loan payoff, or make easier payments. Mortgage applicants can commit fraud. So can home sellers. So can …
Continue reading “Here’s the Lowdown on Mortgage Fraud Today”
A quitclaim deed transfers real estate to a new owner. A properly completed and recorded quitclaim cannot be undone. Here’s why — and what to do next if there’s a problem with the transfer.
Several years back, Rodriques Best got married. The couple bought a home in Greensboro, North Carolina. Then they divorced. Rodriques received the home by quitclaim in the divorce settlement. The couple signed the paperwork with a notary, and submitted it for recording. The notary, hired to help create the new deed with Rodriques as sole …
The Register of Deeds does essential work. It’s the office of the county deed recorder (some counties call it the Register and Recorders Office), where vital records are filed. Title transfers and home loans can’t happen without the Register of Deeds. Have you ever thought about becoming a recorder of deeds?
Panic in Detroit Detroit should have had its moratorium on foreclosures a decade ago. Years of overzealous tax foreclosures has brought the city a decade of deed scams with no end in sight. And the wrongdoers are rarely apprehended for wrecking people’s lives.
Who’s Cheating and How Interest rates are down. Many buyers have jumped in to take advantage of the situation in recent months. Heavy home-buying traffic has led the mortgage industry to shift gears from refinancing to home purchases. Purchases now comprise over half of mortgage closings. The shift in trends is a fraud-friendly shift, says …
Continue reading “Low Rates Correlate to Mortgage Application Fraud “Hotspots”—CoreLogic”