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Showing posts with label foreclosed property. Show all posts
Showing posts with label foreclosed property. Show all posts

July 10, 2011

Foreclosure Scam Alert Based On Phony Deeds

Hi Folks,

   I love to bring you good news, but since that is not always possible, I at least want to bring you informative and helpful news. Today's topic skews in that direction, for sure !

   In a Story from the Associated Press that appeared on TheRepublic.com, titled, "NC officials say fake property claims flooding in on real estate caught in foreclosure crisis", an incredibly deceptive event has been occurring on a very consistent basis. Why do you need to be aware if you do not live in North Carolina? Read on...

   This red flag was raised by officials at Charlotte-area courthouses, as they have been seeing an "epidemic of frivolous paperwork filed by people claiming the right to seize foreclosed property.", with the bogus deeds being filed by people claiming to be part of a temple from a small religious sect.

   In one specific case, as reported by the Mecklenburg Times, two guys came to a home during a showing, showed a deed and said the Temple now owned the home, and per Detective Brian Keziah of the Union County Sheriff's Department, "They took over the house."

   Mecklenburg County's register of deeds, J. David Granberry, said at least 200 deeds and other documents filed in his office (in the name of the Temple) are "outright fraud.", and cautions that many times, the documents appear official and legitimate. Granberry and other officials added that as more homes go into foreclosure/vacated status, there is more opportunity for this type of fraud.

   Why did we tell you to read on if you do not live in the affected area? The story mentions the following: "Real estate agents in Virginia and police in California warn of similar incidents there.

   So now what?

   Granberry suggests that state law be changed to make it illegal to file worthless documents (including deeds which record the transfer of real estate ownership), and says, "We will still have to file (the deed), but they could be prosecuted".

   A small glimmer of hope in all of this is that the story says the police "aren't powerless", and the two men mentioned about that barged in on the showing were arrested. According to the article, one was charged with "breaking and entering, first-degree trespass, obtaining property by false pretenses and possession of stolen goods", and the other was charged with "breaking and entering and taking possession of a house without consent."

   Do you know of any other Scams that are worth mentioning to us, your fellow readers?

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Have a Great Week, and Happy Rent-to-Owning !
Rob Eisenstein
HomeRun Homes Blog: http://blogging.lease2buy.com
HomeRun Homes Websites: http://www.lease2buy.com and http://www.homerunhomes.com

TAGS: #ForeclosureScam #PhonyDeeds #Charlotte #NorthCarolina #foreclosedproperty