• Be on alert when a seller accepts an offer below market value in exchange for a cash payment and/or a quick closing.
• Conduct an independent search for the identity of the subject property owner.
• If the property is owned by an LLC or corporation, check the Secretary of State corporate records online to find the name and address of the manager, registered agent and officers. Request an in-person or virtual meeting to see the seller’s government-issued identification.
• Request a copy of a property tax bill or other documentation that confirms the seller’s ownership in the parcel of land or unencumbered property.
• Ask the alleged owner specific questions not readily available to the public (i.e. when the land was purchased and the purchase price).
• Be leery of sellers who refuse to sign closing documents in person.
• Never allow a seller to arrange their own notary.
• Be alert when documents are signed outside of your presence. Carefully review all signatures and notary blocks.
USE RALLY POINT TITLE AGENCY OR CLOSING ATTORNEY FOR THE EXCHANGE OF CLOSING DOCUMENTS AND FUNDS.
TAKE ACTION: If you suspect a scam is occurring, immediately report it to local law enforcement and file a complaint with the FBI’s Internet Crime Complaint Center.