Fraud in Middle Tennessee: What you need to know about the “Fraudulent Seller Scam.”
*Fraud Facts: Imposter Seller is attempting to sell & receive...
Fraud in Middle Tennessee: What you need to know about the “Fraudulent Seller Scam.”
*Fraud Facts: Imposter Seller is attempting to sell & receive sales proceeds of vacant/unimproved land they don’t own.
How it works:
- Non Local imposter Seller contacts you to list vacant/unimproved land. May mention Zillow or similar.
- You probably have never met the client
- Rush closing is typically requested
- Identity theft may be involved.
- Seller wants to sign remotely or by power of attorney
- 22 known fraud attempts in 3rd/4th qtr 2022 (Williamson, Davidson, Rutherford)
If an unknown client contacts you and the situation is remotely similar, please alert Title – a call to law enforcement may be appropriate.
PLEASE FOLLOW, REPOST, AND SHARE ON YOUR SOCIAL MEDIA TO SPREAD THE WORD ABOUT THIS FRAUD
Author: Jim R. Vanderpool
Jim is the author of Bullet Point Blog, a speaker, and real estate attorney who has been serving Nashville, Brentwood, Franklin and other Middle Tennessee cities for nearly 20 years. Jim’s law practice is focused practice in the areas of contracts, real property and real property transactions with a Vanderpool Law in Middle Tennessee. He has almost 2 decades of experience as a real estate attorney and is president of Vanderpool Law. It is this experience that allows him to handle all real estate related matters professionally and with confidence.
This blog is distributed with the understanding that the publisher and author are not engaged in rendering legal, accounting, or other professional service by its publication. If legal or other expert assistance is required, the services of a competent professional should be sought
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