
8 tips for preventing home title theft
Home title theft is a type of real estate fraud where a homeowner’s personal information is used to forge a deed and steal their home. The person responsible may also apply for a home equity loan or line of credit in the homeowner’s name and fail to make payments, which exposes the owner to foreclosure or credit damage. So, to protect oneself and their home, here are a few tips for preventing home title theft: 1. Keep track of all mail If one suddenly stops receiving bills or other important mail, it might be a sign that someone has changed their address without their consent or knowledge. Further, one should keep tabs on vital documents, such as their deed and mortgage statements, and keep them safe. 2. Buy owner’s title insurance One of the best ways to protect a home title is to get an owner’s title insurance policy. The plan can protect the homeowner if there are any liens or claims filed against the property while they are the owner. 3. Be vigilant about personal data Scammers can get sensitive information when documents containing it are disposed of in the trash without caution. So, one must ensure they shred sensitive documents, like bills and bank statements, before throwing them away.
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