§ 01The brief
The real owner, who lived out of state, called the title company after seeing a 'sold' sign. The sale had closed the day before and $820,000 in proceeds had been wired to the fake seller.
§ 02What I did
- 1.
Joined a call with the title company, the builder and both banks within two hours of the discovery.
- 2.
Sent the receiving bank the forged ID and notary documents alongside the real owner's records.
- 3.
Filed the CCS report and helped the title company file its own claim.
§ 03The outcome
The receiving bank froze and returned $790,000. The builder's title insurance covered the rest and the sale was unwound.