Search results
Results from the WOW.Com Content Network
Sadly, undoing the scam requires going to court. "The person who forged the deed is now the property owner," real estate attorney Arash Sadat explained to ABC7 Eyewitness News. "So, for you to get ...
FBI’s 2023 Internet Crime Complaint Center (IC3) report revealed there were 9,521 real estate-based fraud complaints in 2023, which resulted in over $145 million in losses.
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
Some real-estate scammers operate by transferring a home's deed away from its rightful owners. The owner of a $137.5 million LA mansion says they're a victim of deed fraud and can't sell it.
Private property rights associated with land patents can be further negotiated based on the terms of private contracts. These rights, inherent in patented land, pass from one heir to another, from an heir to an assignee, or from an assignee to another assignee, and are immutable except through private agreements like a warranty deed or ...
The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. [1] Typically the real property interests insured are fee simple ownership or a mortgage. However, title insurance can be purchased to insure any interest in real property, including an easement, lease, or life estate.
When a property has a clear title, that means the title is free from liens or other claims that could call its ownership into question. ... an owner's title insurance policy can help protect you ...
In a mortgage by legal charge or technically "a charge by deed expressed to be by way of legal mortgage", [12] the debtor remains the legal owner of the property, but the creditor gains sufficient rights over it to enable them to enforce their security, such as a right to take possession of the property or sell it. To protect the lender, a ...