Home Deed Scam

By
Real Estate Agent with Re/Max Realty 100 Milwaukee Wisconsin

So you just purchased a new home recently, and you receive a letter in the mail offering you your home deed for only $83. Don’t respond! It’s likely a scam.

A company called “Property Transfer Services” is sending out letters to new homeowners across the country enticing homeowners to get a copy of their property deed for 80 some bucks. In fact Property Transfer Services has gotten a failing grade of “F” from the Delaware Better Business Bureau.

You can easily get a copy of your deed from the local courthouse for far less money. Chances are you already have a copy of your deed in the paperwork that you got at closing, or one might be mailed to you in the mail.  So what is the importance of a home deed? You may need to have a deed down the road, if you tend to refinance. Not sure what a deed actual is? It’s a legal piece of paper that transfers ownership of your home from the sellers to you and again when and if you sell your home… to your buyers.

Massachusetts Attorney General has said that their residents have received similar letters from the National Record Service, Proxy Data Retrieval LLC, Record Transfer Services and Record Retrieval Department.

So beware of any letters you may receive in the mail asking for a large amount of money for the purchase of your home deed. It’s likely a scam. Check with your local property records clerk before you respond!

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Topic:
Real Estate General Information
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Wisconsin Milwaukee County Milwaukee
Groups:
RE/MAX Active Rain Bloggers
Milwaukee
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HyperLocal Neighborhood and Community Posts
Tags:
scams
better business bureau
property records
home deeds
property transfer services

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Rainmaker
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Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Kevin Dale Marciniak

It is amazing the length people will go with scams to hurt lots of innocent people

Jan 14, 2015 12:07 PM #1
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Kevin Dale Marciniak

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