Tag: Real Estate Scams
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Now It’s the Deepfakes. Protect Deeds and Accounts From AI-Generated Imposters
Real estate transactions involve large money transfers. Creative swindlers love those. And now, progress in artificial intelligence (AI) brings new opportunities for real estate fraud. Shady actors are using real people’s voice or image samples to create recordings and persuade buyers and sellers to respond to questions with key information. Then the scammers hijack the…
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Guilty Pleas in Long Island: Heirs Recover Their Stolen Deeds
Two New Yorkers — and one is a former lawyer and a licensed notary — have pleaded guilty to deed fraud charges in New York. The charges involve first-degree scheming to defraud, and additional counts related to forging and filing false documents to take deceased people’s titles in Nassau and Queens. A company run by…
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In the News: Struggling and Elderly Homeowners Targeted by Deed Fakery
Imagine a licensed real estate broker — of all people — accused of taking other people’s homes and selling them. Imagine someone deciding to fake a deed to steal the house of an elderly homeowner who’s ill and in a nursing home. These are both real stories, now unfolding in Florida.
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Using a Quitclaim Deed: What Are the Drawbacks?
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…
