Home title theft is increasingly dangerous, relying on forged quit claim deeds that, once recorded, give scammers the power to sell and rent properties fraudulently. Criminals often target vacant or mortgage-free homes, impersonating rightful owners or deceiving elderly individuals into signing over rights. Over 58,000 Americans reported losing $1.3 billion from these schemes between 2019-2023, with Massachusetts alone seeing $46 million in losses. As more transactions move online post-COVID-19, the risk of fraud has escalated, prompting the FBI to partner with real estate professionals to address these crimes.
Home title theft represents a serious threat that is facilitated by forged quit claim deeds, allowing criminals to deceitfully sell or rent homes.
Fraudsters often exploit vulnerable populations, particularly the elderly, by misleading them into signing over property rights, leading to significant financial losses.
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