Fraud

Fake Sellers Are Scamming Potential Homebuyers And It’s Only Going to Get Worse With AI

By April Towery / September 27, 2023 /

If it sounds too good to be true, it probably is.  Every week there’s a new horror story of someone saying they were lured by a promising home sale, but the seller wasn’t available for a phone call or to meet on-site.  “Just wire the money” ought to be a huge red flag, but in…

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Title Tip: What Agents And Buyers Need to Know About Fraud For Property

By Robert Frye / November 8, 2022 /

Picture this – you are a real estate agent and one day receive a call out of the blue from a seller you have never met, asking you to sell a piece of property they own. It’s great news, all of your hard work marketing yourself has paid off or your reputation has grown where…

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Frisco Developer Sentenced To 45 Years, $30 Million In Fees For Real Estate Investment Scheme

By April Towery / May 27, 2022 /

A Frisco developer who bilked more than 300 people out of millions of dollars in a real estate investment scheme was sentenced this week to 45 years in state prison. Christian Custom Homes CEO Phillip Michael Carter also was ordered to pay $30 million in restitution. Carter also served as the principal of Texas Cash…

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Title Tip: With Check Fraud on The Rise, So Are Limits on Cashier’s Checks

By Lydia Blair / July 13, 2021 /

An increasing number of problems with cashier’s checks have some title companies revising their requirements for cashier’s checks and the delivery of funds needed to close a sale. Many title companies may now require buyers to wire money to them if the amount is substantial. Some have set the limit for cashier’s check at $5,000,…

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Title Tip: Top Five Scams That Target Real Estate Agents

By CandysDirt.com Contributor / March 26, 2019 /

By Lydia Blair Special Contributor Buyers and sellers aren’t the only victims of real estate scams and crimes. Realtors are also a favorite target of crooks, criminals, and other shady types. Due to the nature of the real estate business, agents naturally come in contact and work with strangers on a regular basis. Most real…

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