Investigation News - Real Estate Fraud Is On the Rise: Protect Yourself - PInow.com Investigator Directory: "Real estate fraud is on the rise. Knowing the popular scams out there and knowing how to protect against this type of criminal activity is essential.Real estate fraud is an umbrella term for criminal activity involving real estate – criminal activity that usually amounts to little more than theft. According to new statistics, the problem seems to be getting worse. The FBI reported that in 2005 alone, real estate fraud cost the country at least $606 million. The Treasury Department is tracking 35% more suspicious through 2006. The IRS reports that cases of mortgage fraud that have been brought to their attention have been doubling every two years, starting with this decade. This worrisome trend means that all real estate investors and homeowners should be on the alert."
What is real estate fraud?
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