Homebuyers in Detroit fell for a bogus real estate scheme and lost thousands of dollars

Detroit homebuyers fell for a bogus real estate scheme and lost thousands of dollars

Homebuyers of Detroit fell for a bogus real estate scheme and lost thousands of dollars - local records office

The victims thought they found a great deal on a home, they were wrong.

Detroit has been the center of attention lately due to property deed fraud schemes that has identifies at least 23 victims involving 19 different properties.

Geneva Edwards, James Webb, Zarvelar Weems-Jones and Trini El-Bey are being accused of filing or assisting with filling of false affidavits with the Wayne County Register of Deeds tricking unsuspected homebuyers they had purchased homes for between $1,000 and $5,000, as of now the total amount of the scheme is about $21,000 but could higher.

The majority of the purchasers wanted the homes to fix them and live in the homes, says Assistant Wayne County Attorney Latoya Willis, lead attorney of deed fraud.

The victims realized they have fallen for a fraudulent scheme after they making payments to Edwards and his accomplices Wayne County Prosecutor Kym Worth says.

Edwards went as far as contacting the real owners of the home and extorted them to pay more in order to recover their property.

Worth said the perpetrators engaged in a complicated scheme that proves they possess advanced skills that they used to pray on victims.

“To me, it’s always surprising when you have someone doing illegal activity who probably could … do something lawful,” Worthy said. “What’s always surprising to me is the waste of young good minds, had they put their brain power to work on a legal act.”

On Tuesday, September 26 the Wayne County revealed the property ring at a press conference.

Investigators believe the scam was used between January 2016 and March 2017 and that Wayne County employees were not involved in the fraud.