The people that are doing this are scum and that is not arguable. The trouble is the buyers are not much better either. They are letting greed/envy/laziness guide them into something they should know is a scam.
It would be like one of us old tractor guys going top buy a rare tractor for say $500. We all know that would not be the correct price and something was off.
I know of a local property that is owned by a fellow down in St. Louis. It is vacant land. About 4-5 years ago there was a construction crew that started leveling off a spot for a building on the ground. We all thought that the owner was building something. He has talked about a retirement home here. It turned out that someone had "sold" the ground to a couple from the Quad Cities with a quick claim deed. The fake seller had spun a story about how the "new" owners could have possession of the property now with half down. Then he would have a the "full closing in 90 days as he wanted to do a property roll over.
It was all fake. The new buyers where out their money and it took a few months to straighten out the mess. The fake seller was never found.
The local law found out this type of scam is not that uncommon. The thieves look for properties that have no mortgages on them. They can make fake documents easier on those type of properties. It seems to be much easier in states that use deeds only. The fake seller actually forge documents that sometimes are real enough to get filed. In states with deeds and title abstracts it is a little harder but can still be done.
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Today's Featured Article - Measuring with Calipers - by Staff. The legs of inside calipers are curved outward at the extremities to facilitate measuring small holes, while outside caliper legs have a large curve inward to increase their capacity for large work. Firm-joint calipers are adjusted approximately by the hands and then set to the feel of the work by tapping them on a metal surface. It is a common practice when opening calipers by this means to tap the top of the joint. It is better, if possible, to tap the inside of the legs, as repeated blo
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