FBI warns of a 500% rise in fraudulent property sales, with scammers impersonating landowners and using fake documents.

The FBI has issued a warning about a rise in fraudulent property sales, where scammers impersonate landowners to deceive buyers. This scheme has surged by 500% in four years, involving fake documents from countries like Canada and Vietnam. In a notable case, a New Jersey real estate agent sold a vacant lot for $140,000 without realizing the seller was a fraud. The FBI advises vigilance from property owners and real estate professionals to verify identities and ownership before any transactions.

September 26, 2024
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