Seller Tried to Steal $40,000 from Me with Real Estate Scam | Landlords From Hell 9
Channel: HoltonWiseTV
Date: 2021-04-13

Real estate fraud schemes are everywhere. If real estate investors aren't careful they could lose a lot of money being involved in a real estate scam. In the 9th episode of The Landlords From Hell Show we discuss a recent real estate deal where we caught a dishonest rental property seller in a $40,000 quit claim deed scam. There are many dangers when buying real estate using a quit claim deed to transfer property ownership from seller to buyer. A quit claim deed is used to transfer the ownership interest of a property from one party to another. But, unlike a warranty deed, a quit claim deed doesn't involve a proper title insurance policy after a title search. A quit claim deed only transfers the interest that the seller has, and that interest could be subject to liens on the property that the buyer now assumes. If a real estate buyer ends up in a transaction with a dishonest seller like we where in this episode of The Landlords From Hell Show they can find themselves getting a lot of money stolen from them.


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