Real Estate Scams
Both developers and professional purchasers of Real Estate can engage against in conduct against certain consumer sellers of their homes that effectively steal away years of equity that the consumers has paid stately build up. Real Estate scammers come in the form of brokers, sellers, or buyers of property, "foreclosure rescue" outfits. These schemes have become more actionable as the legislature particularly in New York has recognized the deception of these people and companies.
The firm is also involved in cases where monies are siphoned out of a real estate transaction, unbeknownst to the buyer, by the combined efforts of an unscrupulous real estate broker, mortgage broker, appraiser, partner, title closer or lawyer. The catalyst for this type of fraud is a false appraisal; one that gives the lender the green light to over-morgage the property, setting the buyer up for imminent foreclosure or just plain financial ruin. Oftentimes these "middlemen" occupy positions of trust with the buyer, who has no reason to think they are getting scammed until it is too late.
Please contact us online or call us today at (718) 263-1111 for a free initial consultation.