The New Identity Fraud
By Brian Kuhns, Fort Wayne Real Estate by Brian Kuhns
(Coldwell Banker Roth Wehrly Graber)
I was just made aware of a newer scam by my friend and local county recorder of the latest type of identity fraud known as property fraud. The following is a repost of comments made by Allen County Indiana County Recorder John McGauley.... "Property fraud is really the next generation of identity theft. The thieves involved here are preying on the fact that property transactions for a hundred years have been a very open, public process," explains McGauley. After falsifying a new deed, having it notarized, and filing it... the crooks can then appear to be the landowner. They then can head to the bank for a loan. "Worst case scenario we've heard of people include people waking up in the middle of a foreclosure proceeding because they were not aware that somebody had taken out a mortgag...
Comments
7