I've written a lot recently on real estaet fraud, to include posting a schematic of a popular investment collusion fraud that is plaguing many communities.
Unfortunately there are many variations on this theme. Here's another scheme that real estate con men are using to bilk investors:
Whether you're an investor or a real estate professional it pays to know the basic mechanisms of these schemes so you can identify them when they start popping up in your community. Check out this YouTube video which profiles some victims of the scheme.