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Can Someone Really Steal Your Home All Online?


Written By: David Reed
Monday, July 19, 2021

Ive been hearing the occasional advertisement about how easy it is to steal your home without you even knowing about it. Companies announce protection against title thieves as an insurance policy. The process they claim is >

Everything on the deed transfer is fake. The notion is that ownership is stolen from you, the new owner then proceeds to take out several loans against the property and not paying them. Soon, your mortgage company contacts you and says you havent made any new payments on the new equity loans and suddenly youre in foreclosure. Without you ever having known about any of this. Far-fetched?

I think so and let me tell you why. Yes, its >

And the insurance policy covering such theft is >

You likely have a title insurance policy on your home. And, unless you paid cash for it, mortgage companies wont issue funds without a title insurance policy in force. Even if you paid cash for the home, there is still a title policy the sellers provided. With this type of policy, the sellers are protected in the event of any ownership shenanigans up until the point of transfer. After, there is a buyers policy offering protection from the point of transfer moving forward. You will know about all of this. While one could possibly forge a notary seal, real property transfers must be witnessed by the notary.nbsp;

Next, taking out home loans on the property after the transfer doesnt really make sense when new lenders come knocking at your door letting you know youre being evicted due to non-payment of these new loans. Again, new liens against real property need to be witnessed. Have you ever taken out a mortgage or home equity loan and not have had to present photo IDs to prove who you are? Further, have you taken out a mortgage or equity loan and not have the transaction notarized? The notary verifies your identity with two separate forms of ID, witnesses your signature and asks that you sign your signature in the notarys notary book? No. You didnt.nbsp;

And one last thing, if someone else did in fact go through all this process, how could they take out a loan with your name on it? It doesnt make sense. The bad guys cant take out loans and have you forfeit the property due to nonpayment of loans that dont have your name on them? There are plenty of scams out there, just dont be fooled with this one.



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