Real Estate Fraud

Real estate fraud actually encompasses a broad subject who covers deception or malicious schemes in the real estate industry. There are typically two major types of real estate fraud to consider, mortgage fraud and title fraud.

In Mortgage fraud, it is usually financial institutions that become victims of unscrupulous individuals. These financial institutions lend the money to purchase property. However, individuals will artificially inflate the value of the property in order to get a higher mortgage than the actual price. In Title Fraud, most victims are homeowners when individuals using false or stolen identity transact with them in order to transfer the title under the fraudsters name. This type of fraud can also evolve to mortgage fraud when the fraudster applies for a mortgage on the falsely acquired title.