Equity Skimming
Flipping Real Estate has registered many cases of forgery and thefts. Foreclosures can encounter many fake agencies for excess money. There are various scams like equity skimming that one needs to be careful of. Here a buyer tends to approach the borrower and asks the person to pass the deed to his name. The amount is promised once the property is sold. However this buyers stays in your house, does not make pay mortgage dues and lets the foreclosure take place. Signing the deed on somebody else does not free you from your payments. So be cautious and consult your real estate attorney.