Beware of criminals attempting to take your home right out from under you.
Los Angeles County Deputy District Attorney Daniel Kinney says that in the “Home Title Fraud” Scam, the crooks impersonate the homeowner so they can refinance or sell the victim’s property for their own benefit.
They first obtain the homeowner’s personal information through identity theft or by stealing mail.
Then, they create false documents, such as a fake driver’s license using the victim’s name and the scammer’s photo. Those false documents are used to sell the home or take out a loan against the property without the homeowner’s knowledge.
TIPS:
For a printable version of this fraud alert, click here.
If you think you have been a victim of identity theft or the Home Title Fraud Scam, contact your local law enforcement agency.
This content has been reproduced from its original source.
View Document: 20190510_HomeTitleFraud_eng.pdf
SHARE:Is home title theft a real thing? You bet it is, and here’s how to protect your property
The Watchdog surveyed the county clerks in Dallas, Denton, Collin and Tarrant counties. I also talked to the company that bombards us with advertising. I have experience covering this. A decade ago, I told the story of Norris Fisher, who stole 170 homes in Tarrant County (some kind of record) before he was shipped off to prison. So yeah, it’s real. Crooks can forge names and use fake notary public seals and change the ownership of your house without you knowing it.
Retired Teacher Evicted from Her Home
COVID19 Brings New Wave of Cybercrime
The COVID-19 pandemic created unprecedented access for cybercriminals to prey upon Americans who are shopping, working and doing virtually everything online – from home. The crime is Home Title Fraud. Cyber-criminals, foreign and domestic target our homes. Why? Because they stand to gain tens, even hundreds of thousands by taking over the title to your home. But it doesn’t just stop there. Cyber-criminals can literally have you evicted from your home.
Domestic and international thieves scour online records for homes with equity. It could be the home you live in, your vacation home, a home of an elderly relative, or rental property you own.
Once they change your home's ownership from YOU to THEM, they re-file the Quitclaim Deed for your home with the proper authorities so it appears your home has been legally sold.
They take out personal loans through banks and online lenders using all your home's equity. You likely won't know you're a victim until you start receiving late payments or foreclosure notices.
Click to see if your home's title has been compromised.
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Everything is stored online these days - including your home's title. Domestic and international cyber-thieves target U.S. homeowners equity in their homes. Removing you from your home's title takes just minutes. Then they forge their name on the title document and refile it. Next, they take out loans using your home's equity and stick you with the payments. You likely won't know until you get a late payment or foreclosure notice from several banks.
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