The closing date is the date on which the seller delivers the deed and the buyer pays for the property. This is a critical day in real estate transactions as it finalizes the transfer of ownership.
Foreclosure schemes involve deceiving homeowners who are at risk of defaulting on their mortgage loans into transferring their deeds and paying fees under falsified pretenses that the shyster will save their homes from foreclosure. The fraud involves the shyster profiting while leaving the loans unpaid.
