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Updated over 2 years ago on . Most recent reply

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Charlie MacPherson
  • China, ME
4,013
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3,413
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Stealing a house (Title Theft)?

Charlie MacPherson
  • China, ME
Posted
I've been seeing ads on TV and hearing them on podcasts discussing the dangers of having your house literally stolen by means of "deed fraud".  Supposedly, a scammer successfully impersonates you, forges documents and either steals equity with a home equity loan or sells your house out from under you.

Of course, the ad is selling something called "Title Lock" where for $14.99/month, they offer some sort of protection.

Maybe I'm naive, but this seems highly unlikely.  In fact, it seems like something a clever marketer came up with to scare people into buying a remedy for a problem that doesn't actually exist.

Has anybody here ever seen or heard of this actually happening to someone?

Most Popular Reply

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Suzanne Player
  • Attorney
  • New York City / Long Island, NY
248
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597
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Suzanne Player
  • Attorney
  • New York City / Long Island, NY
Replied

@Maria Bakaj

In case you haven't heard about this, property owners can Sign up for title fraud alerts in many parts of the country now, for example in Denver Colorado:

https://denvergov.org/Governme...

@Charlie MacPherson

This isn’t a brand new thread but I wanted to post on it because it’s a continuing problem that can have devastating consequences

I was so alarmed at how easy it can be for this to happen that I just posted an article on deed fraud & what are some red flags to look for

It contains some links to check your property & register your property for fraud alerts with the clerk's office’s in various parts of the country

https://www.biggerpockets.com/member-blogs/14776/98707-is-your-property-at-risk-for-title-fraud-how-to-protect-yourself

  • Suzanne Player
  • 516-503-7959
  • Loading replies...