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Real Wealth Show: Real Estate Investing Podcast

Protect Yourself from Impersonators Who Sell Your Property to Unsuspecting Buyers!

Nov 22, 2023
19:39
Imagine if you owned a piece of undeveloped land to build your dream home and you show up one day to find a home under construction by someone who thought they had purchased your land. That sounds somewhat impossible with all the steps you go through to purchase land, but it’s apparently something that has been happening more often. Some industry experts even say it may have become an even bigger problem than wire fraud.   In this episode, you’ll hear from Elizabeth Blosser of the American Land Title Association who calls this kind of fraud “seller impersonation fraud” because the crooks are impersonating the real landowner in order to sell the land to someone else. Elizabeth will talk about how they get away with it and what buyers and sellers can do to protect themselves. You’ll find an ALTA brochure on seller impersonation fraud here.    Elizabeth Blosser is the Vice President of Government Affairs at ALTA. She oversees the association's state legislative efforts including annually monitoring state bills related to the real estate, mortgage and title industries. She also serves on the board of directors for the Property Records Industry Association and has worked for legislators on the federal, state and local levels. She has extensive experience managing political, grassroots and public relations campaigns.    You can also learn more about protecting your properties at RealWealth.com. You'll find hundreds of webinars and articles. It's free to sign up. Just go to realwealthshow.com. We also have a video version of this podcast on YouTube. Please be sure you subscribe to our podcast on whichever platform you choose! And when you have a minute, please leave us a review.    Thanks for listening, Kathy Fettke   ALTA’s seller impersonation fraud brochure:  https://www.alta.org/file.cfm?name=ALTA-Seller-Impersonation-Handout   You can follow ALTA at these social media sites: https://www.instagram.com/altainstagram/ https://www.youtube.com/user/altavideos https://www.linkedin.com/company/american-land-title-association https://www.facebook.com/altaonline/

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