This recent article from Boston.com gives the details on a real estate broker who cashed more than 60 deposit checks totaling about $1.8 million over a three-year period, according to a statement from the U.S. attorney’s office in Boston.The broker executed purchase and sales agreements and received deposit checks from or on behalf of the potential buyers, even though the owners of the properties had not agreed to sell to those buyers, prosecutors said. To conduct the scheme, he forged the sellers’ signatures, prosecutors said.
Using TruDoss for public records requires that electronic records, the identity of each party, timestamps and any previous blocks are hashed and committed to our private blockchain. If that were to be a part of the deposit process, do you think someone would have to steal $1.8 million over three years? We do not think they would have even tried!
Spend 30 minutes with us and see how easy this is for any participant in a real estate transaction to preserve immutable records and protect ownership.
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