"Seeing your property listed for sale online without your knowledge is a tremendous violation and a blatant attempt at theft, Adams said."
"I was stunned to see my property listed for sale but I also knew my title was secure because of my EquityProtect subscription, he said. What truly stood out was how quickly EquityProtect intervened to shut down the fraudulent listing, proactively contacting multiple parties to stop the scam in its tracks. That level of commitment says everything about who they are as a company they genuinely care about protecting homeowners and making a real difference."
"A recent survey by CertifID found that more than half of real estate professionals reported experiencing at least one seller impersonation attempt within the previous six months."
EquityProtect identified a fraudulent online property listing and requested its removal from the hosting platform. The company president contacted the suspected fraudster, local real estate brokerages, title companies, escrow firms, and the Washoe County Recorder's Office to warn of the impersonation attempt. The targeted owner’s EquityProtect subscription would have blocked any transfer of the land title without consent, preventing theft and lengthy legal battles. Owners without such protections can face thousands of dollars in losses and months of legal turmoil. Seller impersonation fraud is rising nationwide, particularly involving vacant land, and many professionals report recent attempts.
Read at www.housingwire.com
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