New Foreclosure Scam Could Cost You Your Home

foreclosure scam
foreclosure scam

What happens when scammers stop forging credit cards and start faking property deeds? Welcome to Real World: Florida, foreclosure fraud edition.

In the battered housing market of Palm Beach, Fla., scammers have found a way to falsify "quitclaim" deeds on distressed properties and claim them as their own. And with hundreds of empty homes lingering on the market in the hard-hit city, fraudsters have a huge inventory from which to choose.