Fraud in Real Estate

The increase in the rate of fraud in real etate industry is really alarming. The fraud and other schemes are directly proportional to the boom of the real estate property market. Every year, there are more than a hundred families from different class of life are being victimized. Fraud cases involving real estate have shown to have doubled every succeeding year.

Just recently, two mortgage brokers, LaVonne Hamilton and David Kennedy were separately sentenced for their respective fraud schemes in Jackson, Mississippi.

The Internal Revenue Service Criminal Investigation (IRSCI) initiates investigations regarding real estate fraud cases. IRS is playing a big role in the continuous fight against these cases.