New IRS Web Page Streamlines Tax Fraud and Scam Reporting – Real Estate Investing Today
The IRS has launched a new webpage where taxpayers can confidentially report suspected tax fraud, scams, evasion, or other tax-related illegal activities. They say their new web page consolidates multiple IRS fraud-reporting options into a single, centralized location, making it easier for taxpayers to report suspicious activity. “Improvements to the IRS fraud reporting system make […]
How Landlords Can Combat AI-Driven Rental Fraud Scams
Title: Landlords Struggle With Rental Fraud as Scammers Begin Using AI In recent years, technology has become an indispensable component of the real estate industry, streamlining processes and enhancing efficiency. However, as technology evolves, so too do the strategies of those with less than benevolent intentions. Among the growing concerns for landlords and property managers […]
Doge Task Force: Eradicating Waste and Fraud in Real Estate
The U.S. Department of Housing and Urban Development (HUD) announced that they will launch a U.S. Department of Government Efficiency (DOGE) Task Force to review how HUD is spending American taxpayer dollars. According to a release, the task force will be composed of HUD employees who will examine how to best maximize the agency’s budget […]
Investor Violations Propel 7.3% Spike in Mortgage Fraud
Title: Investor Violations Propel 7.3% Spike in Mortgage Fraud Introduction Recent data indicates a disturbing trend in the real estate market: a 7.3% surge in mortgage fraud incidents over the past year. At the heart of this spike lies a pattern of investor violations that undermines market integrity and threatens economic stability. Understanding the causes, […]
Residents in Georgia are now protected from title theft under a new law.
New Law in Georgia Aims to Protect Residents from Title Theft HousingWire is reporting that a new law in Georgia aims to protect residents from title theft. According to the report, House Bill 1292, which became effective on January 1st, requires anyone filing a deed or mortgage to present proper ID as well as being […]
A Florida couple is accused of fraudulently obtaining homes through a scam that cost less than $1.
The NY Post Reports Florida Couple Allegedly Stealing Homes with Shockingly Easy Scam The NY post is reporting that a Florida couple has been arrested and charged with stealing properties from homeowners using an amazingly easy scam that costing less than $1 to pull off. According to reports, the couple allegedly forged quitclaim deeds on […]
Detecting and preventing seller impersonation fraud
American Land Title Association Reports Increase in Seller Impersonation Fraud Attempts The American Land Title Association reveals that seller impersonation fraud attempts are on the rise, with 28% of title companies encountering at least one such incident in 2023, according to their recent study. According to the study, seller impersonation fraud is often detected before […]
2023 Internet Crime Report Unveiled by FBI
The 2023 Internet Crime report from the Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3) was recently released, providing insights into the cyber threat landscape based on data from reported complaints. According to the FBI, phishing schemes were the most frequently reported crime in 2023, using unsolicited e-mails, text messages, and phone calls to […]
Caution: Fraudulent Activities Ahead
In a recent episode of the Rent Perfect podcast, David Pickron discusses how we have all been victims of fraud in some way, even if we are not aware of it. He shares six simple ways to protect ourselves from fraud, with the top recommendation being to freeze our credit. You can listen to the […]