Couple Shocked To Find $1 Million Property Stolen And House Built On It By Scammer

A couple's dream of building a home turned into a nightmare when they returned to find their $1M property stolen and a house built by scammers. Could this happen to you?

Sophia

• Published in Interesting
• October 27, 2024

Omar and Halla Jaraki's retirement dream turned into a nightmare when they discovered their $1 million plot of land had been stolen, sold, and developed without their knowledge.

The couple, who purchased the undeveloped land in Concord, Massachusetts, in 1991 with plans to eventually build their dream home, recently learned that a scammer had illegally sold the land for less than half its value.

When the Jarakis visited the town office in August to pick up their annual tax bill, they were informed that the property had been sold and construction was already underway. Shocked and horrified, they realized they had become victims of a sophisticated real estate scam.

The scammer had forged documents, including a driver’s license and passport, to pose as Omar and Halla. With fake identities and email addresses, they successfully duped a real estate agent and two attorneys into listing the property at a bargain price of $699,900—well below its market value.

An unsuspecting buyer purchased the land and began building a home. Omar, a cardiologist, expressed his anguish to CBS, saying, "They stole our dream. They stole our property." As the couple fights to reclaim their land, they are also left dealing with the implications of a house being built on their once-pristine plot.

How the Scam Unfolded

The fraudulent scheme involved using fake identification documents, including a passport and driver’s license, to impersonate the Jarakis. The scammer created an email address and engaged a real estate agent and attorneys to list and sell the property.

The listing, which advertised the land as “a great opportunity to build your dream home in the ultra-exclusive, sought-after Mattison Farm neighborhood,” appealed to buyers looking for prime real estate at a bargain price. Unfortunately, one buyer fell for the scam and purchased the plot without realizing its true value, then quickly began construction on the site.

Richard Vetstein, the attorney representing the Jarakis, stated that the forged deed was immediately recognizable as a fake.

“The handwriting looked off, and there were many red flags,” he noted. One of the most obvious issues was that the fake passport and driver’s license had the same photo, which is impossible as license photos are taken at the Department of Motor Vehicles. Vetstein added, “The woman in the fake ID looked nothing like Halla Jaraki.”

Legal Battle and Reclaiming the Property

The Jarakis have filed a fraud lawsuit to reclaim their property. Vetstein is confident that they will succeed in getting their land back, but the situation raises questions about the house that has already been built.

The unwitting buyer who built the home now faces legal and financial consequences, and it remains uncertain what will happen to the structure. Vetstein warns that this scam could be part of a growing trend in real estate fraud, adding, “It’s not only a disaster for the Jarakis but for anyone else who may be targeted.”

As the couple navigates this legal and emotional ordeal, they hope their story serves as a cautionary tale about the risks of real estate scams, emphasizing the importance of vigilance when buying or selling property.

Sophia