In real estate law, Fraud is the intentional use of deception or misrepresentation to induce another person to act to their detriment. It involves conduct such as false statements, concealment of material facts, or promises made without the intent to perform, resulting in financial loss or legal injury to the other party.
Actual fraud requires intent and may include deliberate misrepresentation, reckless disregard for the truth, or the suppression of known facts. In real estate transactions, fraud can occur in areas such as property condition disclosures, financing representations, or title matters, and it can lead to severe civil and criminal penalties.
