Episode 464: Ownership Fraud in West Town: Tom Shallcross and the $1.6 Million Fight to Unwind

SUCI Podcast Co-Host Tom Shallcross is today's special guest and breaks down a fraud story on a West Town property that he purchased! Tom dives deep into a recent purchase in West Town that involved ownership fraud when transferring title. He explains how the fraud was detected and how he navigated the process to reach a resolution. Throughout this show, Tom emphasizes the importance of being due diligence and having adequate insurance and documentation in place to protect yourself as best as possible! If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: [email protected] Properties for Sale on the North Side?  We want to buy them. Email: [email protected] Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: GCRealtyInc.com/tenant-placement Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: GCRealtyinc.com ============= Guest: Tom Shallcross, Co-host of Straight Up Chicago Investor Link: SUCI Ep 420 - Tom Shallcross Guest Questions:  01:38 Housing Provider Tip - Ensure drains are clear of debris or blockage to prevent issues during heavy rainfalls! 02:33 Intro to our guest, Tom Shallcross! 03:25 Intro to Tom's Fraud Property Story! 29:18 The process of clearing up title issues. 42:20 The stress associated with a fraud deal. 47:21 Managing partnerships when issues arise. 48:53 Chicago Fact! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2026.