What Is Real Estate Fraud?
Fraud is a part of real estate conveyancing system, Fraud is like selling the same property with multiple persons and collecting the proceeds from each party and letting them fight out. These types of activities resulted in the advent of title insurance and which can be sorted out by real estate attorney. It can happen in different ways and involve various parties and sometimes ends in a class-action trial when there are many people affected.
What Are Some Common Types of Real Estate Fraud?
There are many types of real estate fraud. Some of these are:
Title fraud: Happens when someone obtains the title of your assets. usually through stealing your identification to change ownership on your property title from your name to theirs.
Short sale fraud: A short sale occurs when the property is sold to satisfy the mortgage on the property, but the profit from a property sale is less than the debt owed short sale fraud involves using misleading information to either induce property owners to conduct a short sale
Real estate frauds are severe issues and you can face huge losses. That’s why it’s always more useful to take the advice from a real estate attorney if you are facing any problems during real estate transactions.
Foy Law Office PLLC for all services related to Real Estate Buying or Selling, Len Foy a Real Estate Attorney in Nashua NH represent buyers, sellers during real estate transactions across the NewEngland States.
Contact today to request a quote on their legal services. Reach Len Foy a Real Estate Attorney in NH by visiting Foy Law Office, PLLC Visit http://FoyLawOffice.com or Call 603 598 4030 to know more about their Real Estate Transaction services.