New York Bill focuses on the payouts of money lenders in Aktefraudezaken
If determined, the measure would mark a significant shift in the way in which claims of the title insurance are handled when disputes about homeowners occur. It would state a precedent to place more responsibility for lenders and insurers to detect and prevent real estate fraud before loans are issued and changing properties.
The bill has been referred to the committee and is waiting for debate. If adopted, the law will take effect 90 days after signing by the Governor.
Rise in theft of deed
The theft, in which criminals are forging signatures or present themselves as owners of real estate to transfer illegal property rights, has become an increasingly visible problem nationwide.
In some cases, houses are sold or almost sold without the knowledge of the true owner, so that victims can fight long -term legal fights to recover their property.
One remarkable case took place last year when a group of orchestrated to sell Graceland – the former house of Elvis Presley – through the use of a fake company, forged documents and false court applications.
Frauders claimed that Presley’s daughter, Lisa Marie Presley, had promised Graceland as collateral for a loan she had not repaid before her death in January 2023.
The federal authorities recently warned homeowners to be a high alert as cases of theft of house title in New England rise. According to the FBIThe Boston division, scammers are increasingly forging real estate documents to transfer the ownership of Huizen illegally.
“People in the entire region have literally drawn their roots among them,” said Jodi Cohen, a special agent responsible for the Boston Division of the agency, in a statement. “They suffer deeply personal losses that have caused a significant financial and emotional toll, including shock, anger and even shame.”
The FBI said it has seen a steady increase in these fraudulent ownership transfers throughout the region. Some homeowners only learn from the theft if it is too late – after their house has been sold or working with someone else to be transferred.
A study conducted by NDP -analysis Discovered that 28% of the title insurance companies experienced at least one attempt at sellers in 2023 in 2023, and in April 2024, 19% of the companies experienced at least one of these attempts.
Americans reported loss of more than $ 145 million from real estate -related fraud in 2023, according to the FBI.
