Deed scam tricks new homeowners into buying useless documents
Article By Gitte Laasby of the Journal Sentinel
The letter says to send money to Record Transfer Services ? or one of its aliases, Property Transfer Services, Conveyance Transfer Services, Record Retrieval Department and National Deed Service ? at an address in South Dakota, Delaware, California or Michigan.
Many first-time home buyers are unfamiliar with the real estate transaction process, said Cori Lamont, director of regulatory affairs with the Wisconsin Realtors Association.
“For people who don’t understand the real estate process or that a deed exists, they think they have to pay this,” Lamont said.
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