Name one common type of real estate fraud.

Title fraud is a prevalent type of real estate fraud that involves illegally transferring the title of a property to another person. This can happen when someone forges signatures or uses stolen identities to sell a property without the knowledge of the rightful owner. Title fraud can result in significant financial losses for victims, as they may find themselves legally unable to prove ownership or reclaim their property.

In contrast, while insurance fraud, investment fraud, and commercial fraud can all occur within the broader context of real estate transactions, title fraud directly relates to the manipulation and fraudulent transfer of property ownership, making it a common and specific form of real estate fraud. Understanding this helps real estate professionals and property owners to recognize the importance of ensuring a clear title and conducting proper due diligence during transactions to prevent becoming victims of such fraud.