California Real Estate Fraud Report

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09
Sep

Riverside Fights Real Estate Fraud

The Riverside County Assessor-County-Clerk-Recorder is taking a proactive approach to fighting theft of real estate by criminals.

According to Larry Ward of the Recorder’s office, beginning on September 1, notices will be mailed to property owners within 30 days of a deed or other legal instrument being recorded on a property.

Readers of the California Real Estate Fraud Report know that criminals will often steal property by taking title without the true owner’s knowledge or consent and then either “sell” the property or take out loans against it (equity skimming, mortgage fraud).

Although the State requires that after documents are recorded, they be sent to the address on the document, often that is not where the legal owner lives. Riverside will be mailing the notification to the mailing address, which should make it harder to steal properties by manipulating title documents (title fraud).

Read the original article in MyDesert.com

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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