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Real Estate & Property Law

: The Home Equity Theft Reporter

Strengthen Notary Laws To Curb Deed/Title Fraud, Say Prosecutors; Requiring Seller Thumbprints On Deed Transfers May Offer Partial Solution

By r morris

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The Associated Press reports:[W]ith a notary seal, criminals can steal the title to a house, take out a mortgage, drain the equity in the property and even give themselves power of attorney to access a victim's bank accounts. "Notaries really are the gatekeepers for fraud in real estate transactions, yet we don't put in the type of mechanism that would help law enforcement track down the crooks,"

Full post as published by The Home Equity Theft Reporter on April 21, 2009 (boomark / email).

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