When purchasing vacant land, the last thing you want to discover is that the "seller" wasn't the legitimateowner at all. Unfortunately, this sophisticated form of real estate fraud hase merged in recent years, targeting unsuspecting buyers through seller impersonation scams. Here's what every potential buyer needs to know.
Understanding the Scam
Fraudsters have developed a calculated approach:
- Target Selection: Criminals systematically search public records, identifying vacant or unimproved land on a county-by-county basis.
- Information Theft: They access tax records to obtain the legitimate owner's information and address.
- Identity Forgery: Using this stolen information, they create fraudulent identification documents.
- Fraudulent Sales: They then list and attempt to sell property they don't own, potentially disappearing with buyers' money before the fraud is discovered.
The Real Impact
This type of fraud can be devastating for buyers:
- Loss of purchase funds
- Invalid property ownership claims
- Complex legal battles
- Significant financial and emotional stress
- Time-consuming resolution process
Our Solution: CertifID Match
At Sun Title, we've partnered with CertifID to implement Match, a cutting-edge identity verification system that protects buyers by:
- Validating the true property owner's identity in under 60 seconds
- Verifying government-issued IDs (driver's licenses, passports)
- Using advanced biometric technology
- Ensuring the seller is legitimate before any transaction proceeds
Protecting Your Investment
Due Diligence Steps for Buyers
- Work with reputable title companies that use identity verification
- Be cautious of deals that seem too good to be true
- Pay attention to red flags in seller behavior or documentation
- Ensure proper title searches are conducted
Red Flags to Watch For
- Pressure to close quickly
- Reluctance to meet in person
- Unusual communication patterns
- Below-market pricing
- Requests for alternative payment methods
What to Do If You Suspect Fraud
- Contact your title company immediately
- Report concerns to law enforcement
- Document all communications
- Consult with a real estate attorney
Our Commitment
At Sun Title, we're dedicated to providing a safe and secure closing experience for buyers. Our partnership with CertifID Match is one of the many ways we work to protect your investment.
Your investment deserves protection. Contact Sun Title today to learn how we safeguard your property purchase.
