Tag: real estate fraud prevention
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How Arizona Is Fighting Back Against Deed Fraud
A Rural County’s Innovation Becomes a Statewide Model for Property Protection Deed fraud complaints to Arizona’s Attorney General have surged in recent years, with at least 65 cases reported in just a 20-month period.¹ But from Mohave County in Arizona’s northwest corner, an innovative program is gaining traction as a model for the entire state—and…
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Pennsylvania Gets Ready to Pass Deed Fraud Law—And Philly Says No More Deed Theft From the Dead
Deed theft is the deliberate and wrongful transfer of real estate. It’s not particularly common across the country. But in areas where property values have shot up, it’s a growing trend. Philadelphia, Pennsylvania is one area of concern. Last year, Philly tallied up 110 reports of deed fraud. We promised to keep you posted on…
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Setting the Example: Bergen County Migrates 370,000 NJ Deeds to the Blockchain
Bergen County, New Jersey has jumped on the blockchain train. The county is digitizing all of its property records. The County Clerk has inked a five-year contract with Balcony Technology Group, a blockchain-focused records company based in New Jersey. Once they’re digitized, 370,000 property deeds (representing $240 billion in property value) will migrate to…
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Selling a Home, But Not Your Own: The Dramatic Rise of Seller Impersonation Fraud
The American Land Title Association surveyed hundreds of title companies — 783, to be precise — and found seller impersonation fraud rising year over year. More than 20% of the firms reported recent instances of this bizarre activity. Crafting elaborate hoaxes, these con artists pretend to be ordinary real estate owners. They are masters of…
