Most people are surprised to find out how accessible their home’s equity is to criminals who can steal it before they ever find out.
While title frauds have been around for some time, these new home fraud schemes involve sophisticated crime rings which have been found to be comprised of real estate agents, investors, brokers, and lawyers.
Are You A Target?
FBI estimates that its a $1.4 billion problem annually and its the fastest growing white collar crime in America!
Click here to get 30 days of protection for FREE
Most victims of title fraud are older homeowners and people who own second homes, vacation homes and real estate investment holdings. But younger rich celebrities like Halle Berry aren’t immune to this fraud either – she was victimized by a man trying to steal her home in June 2019!
The fact is that any homeowner with equity is a target.
How The Fraud Works
Title fraud occurs when someone steals your title or deed on your property, then they immediately take out loans in your name and disappear. Your equity and ownership has been stolen while you’re dealing with a mountain of legal bills and wasted time clearing your name.
The most troubling part is that it’s a dead simple scheme:
- Because your property’s title information and ownership is public record, the first thing thieves do is find a target property by searching county records for properties owned free and clear or have any equity worth stealing.
- They fraudulently file a quitclaim deed transferring ownership of your property.
- Then they take out loans they have no intention of paying back and disappear with your money.
There has been little done to prevent the fraud from occurring although certain counties and services have created registries that alert the homeowner of a change on their property’s title. The problem is by the time a new loan has been recorded and the owner is notified of a change, the fraudster has already stolen the funds. All alert systems are reactive and don’t stop the incentive of the fraudster.
So What Can You Do?
Because the fraud is so easy to pull off and there is such a large payoff for perpetrators, the only thing you can do is remove the incentive for them to target your property with a Title Freeze™ . Once you lock up the remaining equity in your property, they have no reason to target you or your property.
For a limited time, American Title Lock is offering a FREE 30-day trial of Title Freeze™ for one property – you have no reason not to protect yourself from thieves risk-free. You’ll sleep better at night knowing your property is secured with a Title Freeze™ and thieves will never be able to touch your hard earned equity. Start your free trial by clicking the button below: