I've heard enough of these commercials.?ÿ
Am I missing something here??ÿ Is "home?ÿ title fraud" actually a real thing??ÿ Seems like just a money making scheme by putting fear into people, probably mostly the elderly.
What's the service they provide anyway??ÿ Just someone checking once a month for a grantor deed in their name?
In Real Estate Law class,?ÿ I was told that if a phony grantor signs the deed, the deed is not valid. If you have title insurance, shouldn't they do the the legwork for fixing it.?ÿ?ÿ
It seems to be insurance to cover legal fees to fight back if someone forges a deed to your property. There seem to be a few companies like this.
https://www.hometitlelock.com/
This article says don't worry about it.
https://www.fox5atlanta.com/news/title-lock-insurance-is-a-waste-of-your-money
They probably exclude the coverage in the policy.?ÿ One of those I'm providing you this but I'm not really responsible for it deals.?ÿ Just kidding!
Yep, those services are not actually insurance and do not actually do anything other than take your money. Title insurance is the way to go.
Someone actually did attempt to fraudulently sell my parents' retirement property about a year or two after they purchased it. Came around harassing my folks and threatening lawsuits and "eviction", which I thought was rather bold...
Dad notified title insurance, they jumped right on it and brought the hammer down. No need to throw money at any additional service.
If a mortgage company lends on the strength of a QC deed without clearing it with the WD holder they deserve to lose their money.
Maybe I'm wrong, but I thought that title insurance just covers what's happened up to the point that you take title to property.?ÿ I didn't think it covers against future issues that didn't occur when you bought.?ÿ ?ÿ
Many years ago I heard of a fellow who apparently held a real estate salesperson license and lived in a tiny little town where he would scam buyers.?ÿ He owned a variety of old houses and empty lots in this burg so if anyone asked a local if they knew of anyone with some land to sell they would direct them to him.?ÿ He would go around town with the suckers until they found something they thought would be just what they wanted and he would quote them a fair price.?ÿ A very low price so that they would probably have that much in their checking account.?ÿ Then he would take them to his home, have his wife type up the deed and then have her notarize his signature.?ÿ The buyers drove out of town thinking that had really done something special.?ÿ Eventually, they would learn the hard way that he took their money for giving them a QCD to a property in which he had no interest.