Whether you are buying or selling, whether you are borrowing or not, and whether you are a solicitor or a client, the threat of fraud in property transactions is very real.
We, as a firm are at risk, as well as you, as a client of the firm. Fraudsters may adopt fictitious ID and enter into proposed transactions only to withdraw prior to exchange. The information obtained through that process can be used to commit title fraud.
Sellers are also at risk as a property owner could be impersonated by a fraudster who attempts to sell their property using fake or stolen ID.
Read more from Claire Prince, Partner at JPC Law,
