The scam is as old as desire itself: sell an excellent
product at a low price, and then make off with the cash as the victim discovers
he's been left with a fake bill of goods.
Now, with a slow market and more Americans in need of reasonable
housing, the age-old ploy is rife in the rental marketplace. The rental scam
comes in several variations, but it typically follows the same basic recipe.
At General Law,
a deed was
a device under
seal that contained
an agreement delivered
by the individual
who was to
be bound by
it to the party to whom it was given. It is no longer required that
such a tool
be sealed.
Among the victims of the deed scam are new homeowners in Wisconsin. They are deceived by
Record Transfer Services formal-looking letter, which looks like a government
bill and asks for an $83 document fee for a deed and real property records by a certain limit.
According to Jeff
Adams Scam prevention strategies, scammers contacting new home buyers with
an apparently legal solicitation offering to send a copy of their property deed
and other information for $83. These are the scams sent in a copy of a
solicitation from a business called Record Transfer Services.
At first, the
solicitation known as a Deed Processing Notice seems legal. On the copy we
reviewed, the property information is included, along with county information,
a compliance date, and a helpful tip box offering answers to why you need your
current Grant Deed and property file.
So far it isn’t clear how the scammers are getting homeowners’ information, but goods sales and ownership is a matter of public evidence. Anyone can visit a county office and gather a list of recent homeowners.
Generally, if you receive a solicitation asking for more cash
after your closing, it isn’t legitimate. But if you aren’t sure or want additional
information, contact your county clerk’s office or your real estate manager.
More Real Estate News: Jeff Adams Scam Baiting
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