Alameda County District Attorney Pamela Price’s Real Estate Fraud Unit Warns Public on Vacant Lot Sale Scam

Alameda County District Attorney Pamela Price’s Real Estate Fraud Unit Warns Public on Vacant Lot Sale Scam June 4, 2024 OAKLAND, CA—Alameda County District Attorney Pamela Price’s Real Estate Fraud Unit is warning the public and real estate professionals about a fraudulent scheme in which a fraudster impersonates the owners of a vacant lot to fraudulently sell it quickly at a discount. In this case, a real estate agent was duped into working on the sale of a vacant lot in a residential Oakland neighborhood valued at $1.1 million at the discounted price of $560,000. The fraudster contacted the realtor on the phone, claiming he was dying of cancer at a treatment facility in Texas and needed to sell the Oakland property as soon as possible to spare his wife. As a result, the fraudster could not meet the realtor in person and conducted all…