By Lisa A. Tyler
National Escrow Administrator
Coronavirus may be new, but the fraudulent real estate scams are not. We have shared many stories about how fraudsters target properties which are free and clear and not owner occupied. In the "COVID criminals" story, the property was vacant and undergoing a remodel. The fraudsters swooped in and agreed to sell the property to a real estate investor. Fortunately, the escrow officer, Stacy Heintz, Assistant Vice President, paid close attention to the many discrepancies which all added up to an imposter. Read the article to learn the details.
"Real Estate Fraud, Mortgage Fraud, Illegal Practice of Law, Performing Real Estate Agent Services without a License." This was the subject line of a cease and desist letter issued to a fraudster by the attorney of the sellers. What kind of deal was this? How did the attorney come to this conclusion? Do not miss the story entitled "FORGERY, theft and robbery."
"Hacker," carries a connotation of a malicious person seeking to infiltrate and cause pain for anyone trying to secure data or information on a computer. However, not all hackers are out to do harm; many want to help companies, for a fee. Learn the different types of hackers — and the color of hats they wear — in this month's cyber buzz article entitled "NOT all hackers wear the same color hat."