Deed Scam - How Low Will People Go

By
Real Estate Agent with Las Cruces Homes and Land

A few comments on my post yesterday, "Congratulations on your new home! My work here is done - NOT" inspired this post.

In my entry, I mentioned a Deed Scam and some of you commented that you'd never heard of it so I thought I'd dedicate today's post to it. This will be short and sweet because there really isn't much detail to it.

Here's what happens:

Your new homeowners get a letter in the mail, telling them that XYZ Company can help them get a copy of their deed for a hefty fee. Sometimes it's $75, sometimes it's $100 or more. The fee covers it all from retrieval to mailing.

Scam? Yep. Illegal? No from what I've read and watched.

Your homeowners can get a copy themselves by going to the agency in their city/county that records the deeds. The cost will be somewhere between .50/page to maybe 1.00 or 1.50/ page. You can learn more about it via Google - there are plenty of stories out there!

By letting your clients know that you are available for any questions after the deal is closed, you can hopefully help them avoid any scams. Perhaps this is something you can include in your "Congratulations!" talk when the papers are signed.

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Debbie Reynolds 03/02/2013 09:49 AM
Topic:
Real Estate Best Practices
Groups:
Active Rain Newbies
Realtors®
The Lounge at Active Rain
Real Estate Rookie
Power of Activerain
Tags:
new homeowners
deed scams

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Rainer
124,137
Lisa Hicks
Hoang Realty - Augusta, ME
Serving Central and Southern Maine

Deed scam?!?!  Thanks for the info - I hadn't heard of it before.  How do people come up with these things????

Aug 30, 2012 04:47 AM #1
Rainmaker
892,140
Sussie Sutton
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers

Yeah I have seen it here to.... my reply today is the same as yesterday! Dang CARPET BAGGERS!

Aug 30, 2012 10:15 AM #2
Rainer
139,717
Jeanne M. Gavish
Jeanne Gavish, Keller Williams Realty Elite Partners - Spring Hill, FL
Keller Williams Realty Elite Partners - CIPS,GRI,S

How awful!  Our buyers here in Florida get their original deed and title insurance policy within 30 days, but I will reiterate that they should NOT fall prey to people who offer this. thanks

Aug 30, 2012 12:43 PM #3
Ambassador
1,182,185
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

It just seems that these scammers are everywhere these days. One can never be to careful. New Homeowners certainly need to be on the lookout for these type of scams. Thanks for sharing.

Aug 31, 2012 02:25 AM #4
Rainmaker
1,582,933
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance
The damn scammers just don't quit. I've seen this one before and we probably lays will. Know what they say," sucker born every minute".
Mar 02, 2013 08:46 PM #5
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Rainer
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Emmary Simpson

Serving Las Cruces, NM
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