If you thought title deed fraud was the cruelest and most sinister scam out there for swindling an honest homeowner, you’ll want to sit down before reading this one.
It’s a scam that wouldn’t even be possible without a government rule change made in the name of ‘compassion’ to families struggling during the pandemic. Like so many other well-intentioned government programs, it seems nobody stopped to ask that critical question about how these changes could be exploited by unscrupulous people.
It’s the question that we would to see asked (and carefully answered!) EVERY time legislation is passed. If that process is done at all in passing legislation, it’s not done nearly enough.
Meet the Alberts.
Tracey and Myles thought they were buying the home of their dreams when they jumped at the chance of a California home listed for $560k. Little did they know they were stepping into their worst nightmare.
When Tracie and Myles Albert purchased a beautiful four bedroom house in Riverside, California they never realized that at the end of escrow the seller would suddenly refuse to give up the keys and leave.
“It’s just draining, emotionally and financially,” says Tracie. On January 31, 2020, the couple purchased the home. More than a year later, they still haven’t been able get inside their property. Chris Taylor is the Real Estate Agent who sold the house to the Alberts from a man who wanted to sell immediately.
“He needed $560,000 from the sale of his house in two weeks and he called me on a Sunday, so in traditional real estate there’s no way of doing that unless the buyer’s a cash buyer,” says Taylor.
Since the house was free and clear and worth more than $560,000 the Alberts felt it was a great deal. — FOXLA
You might ask how the hell someone might have the chutzpah to take the money and refuse to leave, and why the authorities aren’t dragging them out by their ears.
As we said, these scumbags are hiding behind well-intentioned legal protection. They don’t care that they’ve cashed that check from the buyer, they claim they still can’t be forced to leave.
Have you guessed the reason why?
Taylor says, “It’s genuinely unfathomable to me that we live in a state where something like this is even possible. They closed escrow on this home January 31, 2020.” The Alberts and Taylor have contacted authorities and tried to get the seller evicted but because of the pandemic, they’ve gotten nowhere.
“They have this case under a COVID tenant situation, of no evictions when it doesn’t fall under that at all. This transaction went through in January 2020 before any of that, it isn’t a renter who was getting thrown out. It’s the guy who collected all of this money,” stated Myles. — FOXLA
Remember when AOC lectured us that these anti-eviction laws were needed to protect the little guy from big, bad, cold-hearted slumlords who would throw starving families out on the street? The one lawyer interviewed knows of seven or 8 cases of fraud like this one so far this year. We’re in March.
What does that look like extrapolated across the entire state?
Or the entire country?
How many other unsuspecting families are being taken in by this scam?
Be careful out there folks. And tell your legislators that you want to see a special place in Hell — or at least federal prison — for anyone evil enough to pull this scam.