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Wholesaling
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Updated over 16 years ago on . Most recent reply

Account Closed
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2,594
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Wholesale Deal too good to be true!!

Account Closed
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In late March, the FBI warned of the newest form of identity theft: house stealing. The crime often works like this: A group or an individual finds a vacant home. They look up the deed information. They briefly steal the current owner’s identity (or create a fake one if the home has been foreclosed on) and create IDs, driver’s licenses, etc. They quickly sell the house for sometimes rock-bottom prices, because either way they profit tens if not hundreds of thousands of dollars.

Full Article:

http://www.tcdailyplanet.net/article/2008/05/22...use-stealing.html

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