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Real Estate & Property Law

: The Home Equity Theft Reporter

Nigerian Scam Artist Swipes & Sells Deed To Cape Coral Lot; Leaves Listing Agent With Egg On Face, Title Insurer Holding The Bag

By r morris

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In Cape Coral, Florida, the News Press reports: Roberta Kunda thought she was buying a vacant lot in Cape Coral. Instead, $18,000 of her money went to a computer-savvy scam artist ? possibly in Nigeria. Because she had title insurance, Kunda will probably get back her money from the 2007 purchase, but the incident highlights cracks in the real estate market and the risk from international

Full post as published by The Home Equity Theft Reporter on January 07, 2009 (boomark / email).

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