Thursday, August 14, 2014

Cook County property and recording fraud

Property and recording fraud is one of the fastest growing white collar crimes. Fraudsters often target paid-for homes that have no mortgage, usually owned by an elderly person who may have no heirs, and file forged ownership documents with a County Recorder.

Once the document is recorded, it is up to the homeowner to petition the court, at their own expense, to get a court order to have the fraudulent recording removed. Selling the home or trying to obtain a mortgage or a refinancing can be impossible until the fraud issue is resolved.

The Cook County Recorder of Deeds offers a Free Property Fraud Alert that will call or email you any time a document is recorded against your property, or the property of a loved one. Visit www.cookrecorder.com for more information or to sign up for this service. If you receive an alert and/or are concerned about fraud, you can also contact their Fraud Unit at (312) 603-4000.

Original Source: cookrecorder.com

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Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602

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