Scammers use AI for deed fraud, affecting property owners, including the Spelling Manor case.

Scammers are increasingly using artificial intelligence to commit deed fraud, allowing them to steal properties, including high-value homes like the $137.5 million Spelling Manor. This fraudulent activity also affects regular homeowners, with a notable rise in impersonation fraud attempts reported in 2023. Experts recommend enhancing verification processes for recording deeds to better protect property owners from these scams.

October 22, 2024
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