Morristown adopts the tool to prevent property fraud

All deceptive actions or movements that seek to harm an owner or that go against a property are considered by U.S. legislation as real estate fraud.

There are many ways in which a person or organization can commit this type of real estate fraud; however, the most popular and commonly executed within the American real estate market are: document forgery, illegal rentals, false investment returns, and false representations.

Among the most popular ways to execute these frauds is through the creation of false documents, false sales contracts, alteration of owner identifications, subletting when the rental contract prohibits it, concealment of information, sales of properties at prices that do not correspond with the reality of the market, using inflated prices, deceiving lenders, concealment about the current conditions of the property, scams against tenants, among others.

All these illegal activities tend to bring high negative consequences both for the owners, as well as for the official administrative authorities and for the real estate market of a city.

A large number of owners and American cities are victims of all these real estate frauds; one of the affected has been the city of Morristown, in the state of New Jersey.

The city of Morristown has perceived how real estate fraud destabilizes its real estate market and how owners are victims of unscrupulous people who want to take advantage of properties that do not belong to them.

To counteract these fraudulent actions, Morris County has created an important tool that will help all owners protect their homes from those people or actions that want to cause them some type of harm to their assets.

In the city of Morristown, according to administrative authorities, many owners have been involved in conflicts because their homes have been affected by strangers presenting false documents, false deeds, and even imposing liens that have not been previously acquired by the owner.

These liens have severely harmed many owners who are unaware of the registration of the measure on their deeds, and they may even find themselves involved in foreclosure processes, evictions, or auctions of homes of which they had no knowledge.

To protect the owner from these illegal records that severely harm a person’s assets, the Property Alert Program seeks to notify the owner immediately and by email whenever any type of document or lien is registered with their name in the County Clerk’s Office.

In this way, both residents and owners will be protected from any fraudulent activity that may occur regarding a property. To participate in the Property Alert Program, it is enough for the owner to register beforehand and free of charge in the County Clerk’s Office.

Available foreclosures:

Morristown: 45 homes available.

Morris County: 120 homes available.

By Elías DaSilva | 13 de Noviembre de 2024.