What precautions can I implement to secure my home from title theft?
The question of title theft has come up on my radio show. How to protect my home from title theft? Do you need to get title lock insurance? Can someone steal my home?
And they want my advice.
This is a technique to scare people into buying protection with the promise of monitoring their home's title. But most people already have this coverage. Just look at your title policy when you bought the house. Most all buyers take out a title insurance policy that covers fraud, pre, and post-forgery at the time of settlement. It is a one-time fee and covers the following:
- False impersonation of the valid owner of the property.
- Forged deeds, releases, and wills
- Undisclosed or missing heirs
- Instruments executed under invalid or expired POA
- Mistakes in recording legal documents
- Misinterpretation of wills
- Deeds by minors
- Deeds by persons supposedly single but are married
- Liens for unpaid estate inheritance, income, or gift taxes.
Do you need a monitoring service with a monthly fee?
Check out these articles:
BBB Scam Alert: Home title fraud
The Home Title Theft Baloney (forbes.com)
Home Title Theft: How To Protect Yourself – Forbes Advisor
Home Title Lock review: Is it Worth the Price? (comparitech.com)
Title Lock Insurance is a waste of your money (fox5atlanta.com)
For questions about your home
Call Margaret Rome
Always so good to see you, Laura Cerrano. I hope you are doing well.