Tag: elder fraud
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Quitclaim Deed Fraud Spikes, Prompting Boston FBI Action and a New Law in Maine
In the real estate world, people continue to talk about an alert published by the Boston Division of the Federal Bureau of Investigation. Its April alert flagged a spike in the improper use of quitclaim deeds. Why the spike? Certainly more boomers are leaving their homes, making theft easier to carry out. And perhaps more…
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Say It Ain’t So: A Pennsylvania Notary, Stealing Deeds?
The point of having a deed notarized is to ensure its legitimacy. Or so most people would think. A notary public is appointed by the state to witness the signing of legally significant papers, including deeds used to transfer home properties. Honesty and integrity are key traits for anyone performing this role. But recently,…
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Meanwhile, in Ohio…Seniors Get Warnings of Deed Wholesaling Scams
In Ohio, seniors are being warned of unexpected offers from real estate marketers who want to buy homes. The state’s Real Estate and Professional Licensing body as well as the Department of Aging and Richland County are all working to warn deed holders about the growing problem of wholesaling schemes. Older homeowners are impacted the…
