REAL ESTATE SCAM DISCOVERED!

I have been looking at the world business trend in real-estate industry and am appalled at how so many scam have just risen from this sector.It is true that where there is more money flow , fraud is inevitably lucrative.
Now you can get some of this hints on what is happening in this world of scam.
One of the most common cases of real estate scam I have  seen are forgeries by spouses and family members,A husband may use his girlfriend--who is posing as a wife and has intercepted the wife's credit cards as identification--to take over a piece of land."

It may not just be family members, either. A large percentage of real estate fraud is perpetrated by trusted individuals whom victims know socially or have already done business with in the past. Confidence men are thus known because they gain the confidence of their victims.

People are often impressed by shows of affluence--a self-confident person with a beautiful car who is selling a product that seems too complicated to understand and too good to be true.The thing I hear most often from clients is, 'I never would have thought this guy would do this! I trusted him like a brother.'"

Another common way to rip off property owners happens without the owners' active participation. Any undeveloped land or unoccupied or recently inherited homes are prime targets for forged deeds, say experts. The deed to the land can be illegally obtained and resold by the fictitious owner or used as collateral for large loans.

"You see a lot of forgeries done on unoccupied property,It's easy to bring in appraisers and nobody is suspicious, and the [thief] can pose as the owner."

In one case in , a fraudster reportedly made off with $4 million by forging all kinds of property loans and sales. He was discovered only after one lender drove by one of the properties he had a mortgage against and saw strangers living in it. After the lender looked the property up in county records, he found the home had been illegally sold without his knowledge.

Since most mortgage lenders require title insurance, the insurer would have to pay for the losses, rather than the homeowner. Still, in the same way one might prevent credit card fraud or any other scheme, this can be avoided to some extent by regularly checking one's credit report and making sure there aren't any unknown outstanding debts or loans. And definitely don't buy property on the moon.
In the current world ,it is very easy to find that you are buying something that is not there.SO always take care not to fall into the pit of scammers because they are ready to do business with your hard earned cash.