Title fraud might sound like something out of a crime thriller, but it’s a very real problem that can happen to any homeowner. While you may have heard of high-profile cases like scammers attempting to steal Graceland from Elvis Presley’s estate, title fraud affects everyday people, too. This crime happens when fraudsters steal your identity and forge documents to transfer your property’s title into their name. Once they have control, they can take out loans or even sell your home without you knowing.
The scammers behind this crime often use personal info obtained through data breaches, phishing, or public records. They create fake deeds and file them with county offices, making it look like they legally own your property. After that, they can take out loans or sell your home, leaving you in a financial nightmare.
Warning Signs of Title Fraud
- Missing Bills: If you stop receiving mortgage or tax bills, it could mean fraudsters changed your address.
- Unfamiliar Loan Notices: Getting loan notices for loans you didn’t apply for might signal fraud.
- Unauthorized Changes: Sudden changes in property records should raise red flags.
- New Owner Listed: If you notice a new owner on your property’s title, you could be a victim of fraud.
How to Protect Yourself
- Check Your Deed: Regularly check your property’s ownership status at the county recorder’s office.
- Title Monitoring: Sign up for services that alert you to any changes made to your title.
- Secure Your Info: Use strong passwords, shred sensitive documents, and be careful when sharing personal details.
- Consult Experts: Always check with a real estate professional before making any property changes.
Title fraud can be devastating, but by staying vigilant and proactive, you can protect your home and your peace of mind.
