Tuesday, July 8, 2014

ISSUES IN RESIDENTIAL SALES - CONTINUED

The author of the email noted that this issue may arise as a result of an abusive real estate transaction (ie. foreclosure rescue sale leasebacks, fraudulent inducement in the execution of a deed, forgeries, other real estate swindles) where, after scamming or otherwise abusively relieving an unwitting homeowner of his/her title, the scammer either sells the property to a third party, or encumbers the property with a loan from a mortgage lender, whether or not said 3rd party purchaser or mortgage lender had any actual knowledge of the fraud.

It would appear that in this recent economy, with the foreclosure process and the aging population of homeowners, abusive real estate transactions may be on the rise.

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