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Updated almost 3 years ago on . Most recent reply
Deed Fraud on the Rise, via WSJ
Good article from WSJ about deed fraud on the rise. Seems some folks think buying the house is too much trouble, so they're forging the documents and selling it without buyers knowing it.
http://www.wsj.com/articles/latest-cyberthreat-ste...
Cities mentioned: New York City (Manhattan), Chicago and Detroit.
Anyone have ideas on how to limit risk or prevent this from happening?
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Jay Hinrichs
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
@Account Closed Very OLD news I had this happen to me in the middle 80's and this has probably happened since the invention of the deed... and the invention of the statues of fraud and forgery.. this is why Forgery is a covered event with your title insurance policies.. Ask me how I know !
- Jay Hinrichs
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JLH Capital Partners