Fraud in Real Estate

 

Fraud in Real Estate:  The FBI cyber crime unit says that real estate fraud to $275 million in 2025!  I personally have experienced two separate attempts at fraud in my own business last year, and I just received another scam “investor” call yesterday.  If it sounds too good to be true..it is!  This pertains to both realtors listening to a “potential buyer” explain about all their other properties, and on and on, and that they are looking to invest in the Coachella Valley.  If they keep talking about themselves and trying to get info from you, hang up and block them.  The local police are the next call.  They may already have a profile on the person.  Use a local, experienced agent and be aware.  Kim Kelly 760-285-3578.

 

Real Estate fraud comes in many forms.  Sometimes it looks like a scammer trying to get a realtor to falsely tie up properties.  Sometimes, they appear as sellers, who are not the real sellers.  There are all kinds of ways for scammers to falsify documents, especially if the seller is not local.  Financial loss from a real estate investment or fraud involving rental or timeshare property is also considered “real estate fraud.”  AI technology has enabled scammers to create high quality content, and then there is cryptocurrency.  Great.  IF you’re looking for a great investment, take a look at this date farm that may be purchased in total for 8 million, or one of the 3 parcels may be purchased separately.