Seller Impersonation Fraud is a deceptive scheme where fraudsters pose as property owners to illegally sell or transfer real estate without the owner's knowledge. These criminals often exploit vulnerabilities in digital systems or use forged documents to impersonate the legitimate seller, targeting vacant or rental properties where the true owner may not be immediately aware of the fraudulent activity. Once the transaction is completed, the fraudster vanishes with the proceeds, leaving the real owner to uncover the scam. Preventing seller impersonation fraud requires diligence, including verifying the seller's identity through multiple channels, confirming ownership details, and staying alert to unusual transactions or rushed timelines. Real estate professionals and property owners alike must remain vigilant to protect against this increasingly sophisticated threat.
The American Land Title Association (ALTA) has developed several informational materials to inform real estate professionals and consumers about this danger. www.alta.org/business-operations/operations/seller-impersonation-fraud
Be a Savvy Consumer & Protect Yourself from Seller Impersonation Fraud
Combating Seller Impersonation Fraud & Benefits of ALTA's Homeowner Policy of Title Insurance
Seller Impersonation Fraud in Real Estate
What is Deed Fraud?
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Additional Resources
Learn about recent cyber scams and best practices for helping you and your clients avoid becoming victims of wire fraud.
Scammers posing as property owners target lien-free vacant land and unoccupied properties, resulting in wire fraud and potential liability for unwary agents. Learn how to spot common red flags and what actions you can take to verify a seller’s identity and prevent these fraudulent transactions. Be sure to download the Vacant Land Scam Tip Sheet under the video.
Fraud, Negligence & Liability Topics Topics
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