Welcome to Our Forums. Once you've registered and logged in, you're primed to talk football, among other topics, with the sharpest and most experienced fantasy players on the internet.
Anyone concerned about this and pay for some sort of title protection service?
Honestly I didn't know this was a thing but I heard a radio ad about it the other day so now I'm wondering if I need to be hiding deeds or sleeping with the title thieves' wives?
A fraudulent refinance in which the person withdraws your equity and leaves you with another mortgage. While they don’t gain possession of your home, they use your identity to steal money based on your home’s value.
Similarly, they can access your equity through a home equity line of credit (HELOC) and create a mountain of debt for which you’re responsible.
Thieves can forge deeds to sell uninhabited real estate, such as rental buildings or vacation homes.
Someone might present homeowners in financial hardship with a fake refinancing opportunity. At closing, the homeowner unknowingly signs paperwork for a home sale assigning the scammer as the new owner.
A fraudulent refinance in which the person withdraws your equity and leaves you with another mortgage. While they don’t gain possession of your home, they use your identity to steal money based on your home’s value.
Similarly, they can access your equity through a home equity line of credit (HELOC) and create a mountain of debt for which you’re responsible.
Thieves can forge deeds to sell uninhabited real estate, such as rental buildings or vacation homes.
Someone might present homeowners in financial hardship with a fake refinancing opportunity. At closing, the homeowner unknowingly signs paperwork for a home sale assigning the scammer as the new owner.
Title insurance when you buy or refi ($500-1000 embedded in closing fees each time) is supposed to protect you from this to great degree. Whether or not that protection is adequately reliable is perhaps debatable, but when title records are mistakenly or fraudulently mishandled, the title insurer is supposed to step in to clean up the mess and take the loss as needed. Now if someone is able to steal and mimic your identity well enough, then it may be your burden to prove it wasn't you who signed the docs, but otherwise, this issue is exactly why we all pay hefty fees to the title industry with each and every real estate transaction we take part in that involves a mortgage.
A fraudulent refinance in which the person withdraws your equity and leaves you with another mortgage. While they don’t gain possession of your home, they use your identity to steal money based on your home’s value.
Similarly, they can access your equity through a home equity line of credit (HELOC) and create a mountain of debt for which you’re responsible.
Thieves can forge deeds to sell uninhabited real estate, such as rental buildings or vacation homes.
Someone might present homeowners in financial hardship with a fake refinancing opportunity. At closing, the homeowner unknowingly signs paperwork for a home sale assigning the scammer as the new owner.
A fraudulent refinance in which the person withdraws your equity and leaves you with another mortgage. While they don’t gain possession of your home, they use your identity to steal money based on your home’s value.
Similarly, they can access your equity through a home equity line of credit (HELOC) and create a mountain of debt for which you’re responsible.
Thieves can forge deeds to sell uninhabited real estate, such as rental buildings or vacation homes.
Someone might present homeowners in financial hardship with a fake refinancing opportunity. At closing, the homeowner unknowingly signs paperwork for a home sale assigning the scammer as the new owner.
A fraudulent refinance in which the person withdraws your equity and leaves you with another mortgage. While they don’t gain possession of your home, they use your identity to steal money based on your home’s value.
Similarly, they can access your equity through a home equity line of credit (HELOC) and create a mountain of debt for which you’re responsible.
Thieves can forge deeds to sell uninhabited real estate, such as rental buildings or vacation homes.
Someone might present homeowners in financial hardship with a fake refinancing opportunity. At closing, the homeowner unknowingly signs paperwork for a home sale assigning the scammer as the new owner.
A fraudulent refinance in which the person withdraws your equity and leaves you with another mortgage. While they don’t gain possession of your home, they use your identity to steal money based on your home’s value.
Similarly, they can access your equity through a home equity line of credit (HELOC) and create a mountain of debt for which you’re responsible.
Thieves can forge deeds to sell uninhabited real estate, such as rental buildings or vacation homes.
Someone might present homeowners in financial hardship with a fake refinancing opportunity. At closing, the homeowner unknowingly signs paperwork for a home sale assigning the scammer as the new owner.
So if I own my home free and clear, how is someone stealing my equity out of my bank account? I don't get it. Seems like they're stealing from the bank that approves their fraudulent loan.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.