You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value.
Phone / Prefer cell: 520-975-5207 Office: 480-948-5554 or email me walterunger@ccim.net. – What is a CCIM. In Business and in Life you don’t get what you deserve, you get what you Negotiate.
click here to view all my listings.
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
CONTACT ME IF YOU WANT ME TO GET YOU THE VALUE OF YOUR PROPERTY
bigAZMEDIA SEPTEMBER 21, 2023
As property values rise, real estate fraud is an increasingly pervasive concern in Arizona, with deceptive schemes posing significant risks to unsuspecting homeowners. From deed forgery to non-disclosure cases, fraudsters can exploit the vulnerable and less knowledgeable in the realms of real estate transactions.
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Gary Smith, from Guidant Law Firm, recounts a case where an elderly client, who had lived in their home for decades and raised their family there, became a victim of a forgery scheme. A fraudster posing as the client managed to sell the property, unbeknownst to the homeowner. The property passed through multiple parties, with each thinking they were dealing with the true owner until the title company intervened, exposing the forgery. Smith emphasizes that anyone can fall prey to real estate fraud, regardless of economic status or the size of the property.
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To provide a comprehensive view of the characteristics of real estate fraud and ways to protect against it, here’s what three experienced attorneys — Benjamin Gottlieb from Gottlieb Law, Casey Blais from Burch and Cracchiolo, and Smith — have to say.
Characteristics of Real Estate Fraud in Arizona
Real estate fraud takes various forms, some more subtle than others. Deed forgery and mortgage scams are well-known examples, but equally prevalent are non-disclosure cases, where sellers deliberately misrepresent or omit critical information about a property during a sale. As Gottlieb explains, unsuspecting buyers may find themselves dealing with a property plagued by undisclosed issues that lead to misrepresented income-producing potential.
“The buyer purchases the property relying on the representations from the sale documents, only to later learn of the undisclosed or misrepresented fact when the roof leaks 6 months later.”
Some unscrupulous individuals take advantage of the less informed or financially vulnerable, persuading them to sign over their property title without realizing the consequences. Non-married couples, partners, and friends who engage in real estate transactions without legal counsel can unknowingly put themselves at risk, making it difficult to “unwind” the transfer should the relationship dissolve.
Blais emphasizes that the underprivileged and those in desperate need of selling their homes are particularly susceptible to real estate fraud. Fraudsters prey on these vulnerable individuals, offering them inadequate compensation for their properties. Additionally, individuals with common names may be at higher risk of identity fraud, Smith warns. This highlights the need for anyone, regardless of economic status, to be vigilant in protecting their property rights.
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Preventive Measures
To safeguard against real estate fraud, Arizonans can take proactive steps. Seeking legal counsel before signing any real estate documents, especially if the terms are unclear, is of greatest importance. Engaging reputable title companies and escrow services provides vital protections and minimizes the risk of falling victim to fraudulent schemes. Regularly checking public records ensures the property remains under rightful ownership and hasn’t been illicitly sold.
Title insurance is a crucial investment, offering protection against forgery and fraud that may have occurred before purchasing the property. Monitoring services can further shield against post-purchase fraud attempts. Homeowners should pay attention to any abrupt changes, such as a sudden stop in receiving bills or unusual alterations in their credit reports.
Real estate fraud is a formidable challenge that demands collective action. By equipping themselves with knowledge and taking preventive measures, Arizonans can fortify their defenses against real estate fraud, ensuring their hard-earned investments remain secure for years to come.
Learn more
In Maricopa County, homeowners now have the option to receive timely alerts whenever a document mentioning their name is recorded. To avail of this service, homeowners are required to create an account on the Maricopa County Recorder’s Office website using a valid email address. Once registered, they can input personal or business names for tracking. Upon subscription to the system, they will receive email notifications every time any of the specified names appear in newly recorded documents, along with a convenient link to view the PDF of the filing.
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The system is completely free for all users, and there are no restrictions on the number of names one can track. This allows homeowners to input various name variations or track multiple individuals at once.
Homeowners with common names need not worry about being inundated with constant notifications, as the system is designed to send a single email notification per day containing all newly recorded documents that triggered an alert.
Similar title alert systems are also available for free to residents of Pinal and Yavapai counties, functioning similarly to the one provided by Maricopa County.
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Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
CONTACT ME IF YOU WANT ME TO GET YOU THE VALUE OF YOUR PROPERTY
FROM ME: FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
click here to view all my listings.
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
CONTACT ME IF YOU WANT ME TO GET YOU THE VALUE OF YOUR PROPERTY
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
Click here to find out what is a CCIM:
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Walter Unger CCIM
Associate Broker
West USA Commercial Division
14350 N. 87th. Street, Suite 180
Scottsdale AZ, 85260
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
14350 N. 87th. Street, Suite 180
Scottsdale AZ, 85260
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY LISTINGS.
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Reasons to Consider me for Commercial Referrals
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The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.