Blogging Broker

THIS IS A MUST READ ARTICLE describing how the Daily News ripped off the Empire State Building in 90 minutes using forged documents.  It highlights the huge potential for thieves to take advantage of a system that does no verification of information.

I believe that in the not too distant future we will see an entire industry developed to make sure your “REAL PROPERTY” is not stolen or tampered with, much like what we have today to protect ourselves from identity theft.

I had a gentleman contact me who wanted to sell some property he had and I looked it up on the tax records and told him that according to what I was seeing on the tax records he had transferred the property through sale earlier in the year.  It turns out a  family member had sold the property using bogus documents and notary.

Guess who the buyer was?  A REAL ESTATE BROKER –  who should have known that if the price was “too good to be true” there was probably something fishy going on.

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