""The theft of a home is the theft of a family's future. Deed theft preys on the New Yorkers who can least afford it. Today, we are bringing the full force of City government to bear to stop it to protect homeowners, defend generational wealth and make clear that this City will not tolerate the exploitation of our communities.""
""Deed theft schemes typically involve forged signatures, fraudulent notarizations or deceptive contracts that result in the unlawful transfer of title from an owner to a scammer or shell company. Thousands of deed theft complaints have been filed across the city over the past decade, with concentrations in Brooklyn and Queens.""
The Office of Deed Theft Prevention has been created by New York City Mayor Zohran Mamdani to address fraudulent property transfers. This new unit will coordinate efforts across various city departments to combat deed theft, which disproportionately affects vulnerable communities, particularly Black homeowners. Peter White has been appointed as the first director, focusing on early detection of fraud and homeowner assistance. Deed theft schemes often involve forgery and deception, leading to significant legal and financial repercussions for affected homeowners.
Read at www.housingwire.com
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