Could Someone Sell Your Property Without You Knowing?

Could Someone Sell Your Property Without You Knowing?

The FBI is warning property owners and real estate professionals about a growing fraud trend involving vacant land. Criminals are stealing property owners' identities, posing as legitimate sellers, and attempting to sell land they don't own. In many cases, the fraud isn't discovered until it's too late.

Vacant land is especially attractive to scammers because it often has no occupants to notice suspicious activity. Fraudsters frequently insist on communicating only by email or text, push for quick closings, and request that proceeds be wired to unfamiliar accounts.

Whether you're an investor, agent, or property owner, this is a reminder that verifying identities and watching for red flags is more important than ever. Taking a few extra steps during a transaction can help prevent significant financial losses.

Read the FBI's full Public Service Announcement to learn the warning signs and recommended safeguards.