🏡 Title Fraud Combines Property and Identity Theft (AARP Article)

SummerOnTheWay1 — Fri, 26 Jul 2024 19:49:43 GMT

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Scammers Who Commit Title Fraud Steal Your Identity — Then Your Home.

Criminals can use public information to victimize both buyers and owners in this real estate scam.

By Matt Alderton, AARP. Published July 16, 2024.

Since his untimely death from a heart attack in 1977, Elvis Presley’s adoring fans have been flocking to his home to pay their respects. This spring, however, Presley’s mansion in Memphis, Tennessee, attracted an entirely different kind of admirer: Naussany Investments & Private Lending (NIPL), a dubious investment firm that tried to sell the King’s Graceland estate after purporting to have acquired the deed from his late daughter, Lisa Marie Presley. According to a lawsuit filed by actor Riley Keough, who is Elvis’s granddaughter and Graceland’s trustee, NIPL claimed to have granted a $3.8 million loan to Lisa Marie Presley in 2015, at which time she offered the deed to Graceland as collateral. When the company advertised the home’s sale at a foreclosure auction in May, Keough asked a county court to block it on grounds that neither NIPL nor its documents were legitimate.

“The purported note and deed of trust are products of fraud and those individuals who were involved in the creation of such documents are believed to be guilty of the crime of forgery,” states Keough’s lawsuit, which was swiftly resolved when the notary listed on NIPL’s documents denied notarizing them, causing a judge to halt Graceland’s sale. Soon after, several media outlets reported receiving unverified emails from an individual claiming to be associated with NIPL in which he promised to drop his interest in the property.

https://www.aarp.org/money/scams-fraud/info-2024/title-theft-real-estate-fraud.html

topic 🏡 Title Fraud Combines Property and Identity Theft (AARP Article) in Scams & Fraud

🏡 Title Fraud Combines Property and Identity Theft (AARP Article)