Real estate fraud involves deceptive practices in property transactions that can lead to financial loss for buyers, sellers, or investors. Common types include mortgage fraud, where false information is provided to secure a loan, and title fraud, where someone illegally transfers ownership of a property without the owner's consent. Another form is investment fraud, where scammers promise high returns on real estate investments that do not exist. Victims may be misled by fake listings or manipulated appraisals, making it crucial for individuals to conduct thorough research and verify information before engaging in real estate transactions.