Greg's Corner

Deed Scam Hits 58,000 Homeowners

By Greg Collier

A growing real estate scam has cost Americans more than $1.3 billion between 2019 and 2023, affecting an estimated 58,000 victims across the country. The scheme targets vacant or unmonitored properties, often by forging ownership documents and illegally selling these homes to unsuspecting buyers. Federal investigators, along with local agencies, are raising awareness about this trend as new cases continue to emerge.

In Lee County, Florida, authorities have identified multiple instances of this type of fraud. One individual was convicted of grand theft and trespassing after fraudulently claiming ownership of a property. In another recent incident, a suspect was caught attempting to file a falsified deed with the local records office. Thanks to the county’s property fraud prevention program, investigators were able to trace the fraudulent activity and apprehend the suspect.

The county’s fraud prevention alert system plays a central role in combating these crimes. The system notifies registered homeowners via email within 24 hours if a document is filed under their name. Before this tool existed, most victims would not learn of unauthorized activity until months later, often when their tax bills failed to arrive. More than 60,000 property owners in Lee County have signed up for the service, though this represents only a small fraction of the 500,000 parcels in the region.

Experts recommend that homeowners remain proactive when it comes to protecting their property. This includes regularly reviewing property records, signing up for fraud alerts, and being wary of unsolicited offers or suspicious communications regarding real estate. Consulting with legal professionals before making changes to property ownership can also help avoid falling victim to fraudulent transactions.

Those who believe they may be at risk or suspect unauthorized activity involving a property deed are urged to report it to federal authorities. With real estate often representing a family’s most valuable asset, taking steps to secure it against fraud is essential in today’s digital environment.