Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-08-13
FEMALE DUMMIES
IN REALTY TRANSFERS
Some Clever Tricks Ia Real Estate
Iraflcl>ing That Are Pracr~cd
Every DAY.

1 W many TO-" IH'fIH INC laws OF IIIF state
OF New York and those or Utah arc
Identical hence tho following article
| which recently appeared in the New
York sun, viii be especially interesting
| 60 real estate men. and. IN fact. ali
| business men for II contains some OF
| the clcvorest tricks known To- the reel
| estate tranIcking Many times IN the
| life OF a prosperous capitalist 10 be-
| comes necessary TO purchase u possible
| n whole block Of property provided he
| can got II without an inordIuate in
| crease in price and again tho best OF
| men find II advantageous at times to
make a speedy sale OF certain real es-
| tate before In fact they can procure
| their wives signatures on account Of
| absence, and the like How these
| things are accomplished Is explained by
| the article which reads a. follows
That girl" said a real estate broker
nodding toward a young woman further
down In the car has more property
In her name than any other person IN
Brooklyn. The realty record books
| carry her AZ the posscssor Of many
many millions Some OF the biggest
parcels in Brooklyn are held in her
name
Surprised that she rides In a trolley
car instead OF her own automobile?
Well this property has all been sold
In fact. she has rarely owned any
piece Of II more than ten seconds
just while she was receiving a deed In
one hand and giving deed with The
other
she Is the chief stcnographor In the
office OF a big title insurance company.
buys n piece OF real estate from n,
but does not want the nuhiic 10 know
Of his ownership. n make deed 10 our
stenographer friend. She makes a deed
FOR the same property with the namo
~ the buyer left out. gives her
the deed II has made and she gives
him the deed In blank
Tho deed to the girl goes on record.
tho title company issues to her a policy
~ title insurance. and she is. publicly.
the owner Of the property But A has
her deed. legally executed and the in
surance policy when ne gets ready
to soil maybe years hence. he merely
puts In the name Of the buyer and has
the decd recorded A has never APP
peared ns the owner
THE city Is satisfied so long az the
taxes and assessments are paid on the
property and does not interest itself In
the ownership. II a wants to give a
mortgage on the property he can do
that through another woman dummy
without his name ever appearing.
WHY WOMEN ACT.
why do they have woman 10 DO
the trick? A woman can convey realty
without any ones consent, whether she
is married or single, but there IL even
less room for complications when the
woman Is single a man must have
his Wifc's concurrence. II "a single man
gave such q Decd he might get mar
ried and there would be the possibility
that his wife might try 70 get her
dover interest. our stonoEraphef
friends husband. n she ever marries.
can claim no such interest i'm her estate.
Danger that she might give another
deed and beat \ out Of his property?
Not a bit Such a trick would land |
her In sing Sing and the deed she gave
would be worthless. II would have to |
be dated the day # was made out and |
As prior deed would hold the property |
or course A has TO keep his deed I'm a |
safe place, for II II were lost or de- |
stroved he might have trouble in get |
ting another. but he would not be like |
~ TO lose his property. Thousands OF |
real estate owners take the chance.
why do people want TO hide their |
real estate holdings suppose n buyer 1
is after all the property In block. Hc
gets one piece. II the deed IL recorded 4
in his name % might indicate 70 the /
other oWuers I'm the block that hc would 1
he llkcly to want their holdings too. /
Then prices would soar aud hold have
To- pay dearly FOR the rest Of the block
years are consumed and q /
dozen brokers and female dummies ale
used TO gct single parcel together.
WIFE ELIMINATED.
Then there are not a few men who
want 20 be in position 10 sell thelr real
state without asking their wives con-
ont by tho use Of "A female dummy |
he wife Is eliminated for the husband |
never owns the property though he
holds the deeds and controls II. some
a fVfe EpRft that fhafr fna D. 1ae /
BUY and sell real estate.
Not fair 10 the wife, Well I don't |
lnow about that Recently a client OF !
nine had chance to make quick sale
Il q big profit His wife was IN Europe
md he missed the sale because he could !
not get her signature Another client
Who had had % little spst with DIS vito |
as compelled to give her $1,000 worth |
n diamonds 90 induce her to sign a
ICED
Business mon often have to max,
alcs quickly or lose big profits They
aunot afford to take chances with the
yhims of wife who no matter how /
Dvablo may bc ont OF sorts or a bit OBJ
tinate on the day tho transfer Is u
~ made ] have known wives 90 do
1and elaborate details Of a sale aud
hon take a week to think II over
WOMEN DUMMIES.
ANY other uses for the woman dunn
lN sure W All street rs not the only |
lace where ~ ash sales are made. sun
osc realty Is moving slowly and sales
70 few In section ike that about the 1 ,
CIV Pennsylvania terminal or along
1c new subway tn Brooklyn, vhero | ]
lcre ought 10 be activity Nothing |
rings IN new buyers Ike s1les
Suppose half a dozen brokers. each .
'ith property % sell In the same sec
on, get together ana decide 20 make 7
Iings hum. They go 90 their principals
nd arrange. say 90 big transfers Z.
Ike place within n single month by | 4
.cans OF women dummies these sales
Pc an made. duly recorded and pub. .
she'd
WHOM tho transaction Is closed not , | =
mt has changed hands and not piece
property has hccr' out or the nos / G
ssion OF its original owner bit m
lbliC has heard ~ brisk selling IN
0t r0r- .ul1r section ana begins o. q
'ek Zoo. Then prices go ur Fraud,
no ~ what YOU please. ~ ISN'T illegal |
10 ] think 70 right that woman g.
iould have dover rights Goo her hus-
lnd'e real estate 1nd be have none IN