Deed Fraud
Deed fraud is the recording of a forged or unauthorized deed to wrongfully transfer ownership rights, leveraging the fact that recording offices record documents meeting formal requirements and do not adjudicate underlying legitimacy. NYC's ACRIS ecosystem includes a notice program designed to alert owners when documents are recorded against a property as a detection tool.
- Where it applies
- New York City
- When it comes up
- Post-closing ownership monitoring
- Property types
- NYC deeded properties (fee and condos)
Risk and Liability Terminology
- Closing Protection Letter (CPL)
- Closing Wire Fraud / Business Email Compromise (BEC)
- Directors and Officers (D&O) Insurance
- Errors & Omissions (E&O) Insurance
- Force Majeure
- Indemnification
- Limitation of Liability
- Liquidated Damages
- Notice of Recorded Document (NRD) Monitoring
- Recording Gap Risk
General information, not legal, tax or financial advice.