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November 14, 2012
Many people contribute fraud in real estate as the demise of the mortgage industry. There is little doubt that scam artists have siphoned billions of dollars from unsuspecting people through home equity thefts, foreclosure bailout scams, straw buyer scams, and rental fraud.
Anytime fraud in real estate occurs victims must become proactive in reporting the incident to local law enforcement. Police reports are needed to begin the process of collecting evidence to prove a crime was committed.
Law enforcement officers will need to obtain the names and contact information for all parties involved, along with any documents such as trust deeds, quitclaim deeds, purchase or rental agreements, and escrow statements. They will also require any receipts or cancelled checks that were given or received.