![]() ![]() Matthew Cox, a convicted house title scam artist, admitted to defrauding $55 million. The FBI estimated a few years ago that 9,600 homeowners in the United States were victims of title fraud. Aside from this example, consider some additional deed fraud data. Similarly, most consumers are unaware that they have been the victim of title theft until they get a foreclosure notice from the bank that holds the fraudulent house loan. Her property had been acquired by a stranger, with real estate investors among the offenders of this deed theft. Through a piece of junk mail that most of us overlook, Rohina Husseini learned in 2019 that the house she had owned for almost a decade was no longer hers. The FBI is already dealing with such a case to add to your information. They now use legitimate authorities to transfer a house deed by faking your signature and falsifying paperwork. They may use it to counterfeit a deed that makes it appear to own the property. ![]() A simple explanation is that the digital thieves identify a house they wish to take over and perform identity theft, providing supporting papers in your name. You’re still not convinced that a criminal can take your identity. But first, let’s look at why you might need it now rather than later I’ll go over how LifelockTM Home Title Protect works and is Home Title Lock worth it in detail later. You are free without worrying about all of the procedures that may appear to be challenging to implement. It also includes several enhanced security checks that will assist you in keeping your assets safe. But it also protects your second property, rental home, or even other properties in which you have an ownership stake. Not only does Norton’s Home Title Monitoring tool protect your home asset. So you can take the required steps to protect your home. It will monitor and warn you if we identify changes to your property’s title at the county recorder’s office. It is the whole goal of Norton’s LifelockTM House Title Secure service. Consumers can also periodically check their property record online, on the website of their county’s register of deeds.įind more of our coverage on home sweet home here.Since our house is arguably our most precious asset, what are you doing to safeguard it? What if I told you that fraud is committed by taking your identity, forging your name on a deed, and claiming your home ownership? I’m not joking. Please feel free to check with your county.Ĭounties that offer the service will notify consumers via text or email any time a document is recorded on their property, same as Home Title Lock but at no cost. There are various counties that offer some form of title monitoring as a free service. After some digging, found that the company actually acknowledges this in an FAQ on its website: Putting aside the fear-mongering, the monitoring services that Home Title Lock puts a price on may be available free of charge. Moreover, on its website Home Title Lock characterizes a situation in which your title or mortgage would become compromised as an “unlikely event.” (No such disclosure is made in the scary TV ad.) Is it still now? “They’re hacking your deed, they’re doing it all the time,” a man in a cowboy hat says in the TV commercial above. Home Title Lock has latched onto the FBI’s efforts to pursue mortgage fraud cases to justify paying for its services, stating on its website that the “FBI has continued to dedicate significant resources to the threat announcing a mortgage fraud takedown referred to as Operation Stolen Dreams.”īut the FBI made that announcement 10 years ago. They can borrow against it and you would be responsible for the payments. They simply print the title documents, forge your signature stating that you sold your house, use a fake Notary seal and re-file it as the new owner. ![]() Here’s how it works, according to a quote attributed to company spokesman and the president’s personal lawyer Rudy Giuliani on the Home Title Lock website:Īll home titles are vulnerable and kept online where thieves hunt them. Title fraud is real but it may not be as widespread a problem as Home Title Lock makes it out to be. Prompted by a consumer tip, looked into the company’s marketing. But it will charge you $15 a month for monitoring services that you may be able to get for free. Home Title Lock won’t prevent you from becoming a victim of title or mortgage fraud. ![]()
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