In recent years, title theft (sometimes referred to as home title fraud) has become a concern for homeowners. Stories of people discovering their homes were sold or mortgaged without their knowledge have fueled fears. But how real is the threat, and what can you do to protect your home? Let’s break it down.
What Is Title Theft?
Title theft occurs when someone fraudulently transfers your property’s deed to themselves or a third party. This can enable them to sell your property or take out loans against it. Often, the homeowner remains unaware until they receive foreclosure notices or overdue payment notices for debts they didn’t incur.
How Common Is It?
While title theft is rare, it can happen. Scammers often target:
- Vacant homes
- Rental properties
- Homes owned outright (no mortgage)
These scenarios make it easier for fraudsters to operate undetected.
Signs You Might Be a Target.
- Receiving unfamiliar bills or notices from lenders.
- Not receiving property tax bills (indicating your address might have been changed).
- Unexpected changes in your deed or title.
How to Protect Your Home.
Here are steps you can take to safeguard your property:
- Monitor Your Title Regularly.
Check your property records at your county recorder’s office. Some counties even offer online access to these records. - Enroll in Property Fraud Alerts.
Many counties provide free fraud alert systems. You’ll be notified if any documents are recorded against your property. - Consider Title Protection Services.
Services like Home Title Lock monitor your property title for suspicious changes and notify you of activity. While these services don’t prevent fraud, they can give you early warnings. - Be Cautious with Personal Information.
Protect sensitive documents and avoid sharing personal details unnecessarily. Scammers can use information from phishing scams or stolen documents to forge signatures. - Use a Trust or LLC
Transferring your property into a trust or LLC can make it more challenging for fraudsters to target your home, as the ownership structure is more complex. - Secure Your Property Documents
Store your deed and other important documents in a safe, secure location.
At Supreme Title Closings LLC, vet all sellers no matter what the circumstances are to verify the transactions legitimacy.
What to Do If You’re a Victim
If you suspect title theft, act quickly:
- Contact Your County Recorder’s Office to dispute fraudulent filings.
- File a Police Report to document the crime.
- Alert Your Title Insurance Company if applicable.
- Consult a Real Estate Attorney to help clear your title and reclaim ownership.
The Bottom Line
While the likelihood of your home being “stolen” through title fraud is low, taking proactive measures can provide peace of mind. Staying vigilant and informed is the best defense against title theft.
If you’d like to learn more or have questions, reach out to your title team at Supreme Title. We’re here to help keep your home—and your peace of mind—safe.
