![]() They then use that false identity to transfer the home’s title to themselves or another person. The thief creates false documents to establish the fraudulent identity, often including Social Security, driver’s license and other ID documents. Home title theft is a type of identity theft in which a thief fraudulently puts a deed (the document stating that you own the home) in their own name. In many cases, the title is jointly owned, as when spouses purchase a home together and have both their names on the deed.Įven if you’ve taken out a mortgage to buy the home, the ownership rests with you, not with the mortgage company (unlike when you buy a car, when the lender is likely to hold on to the car’s technical ownership until you finish paying for it). When you buy a home, the home’s ownership and title pass to you. The title to a home is a shorthand way of referring to its legal ownership and all the rights that go along with it. Keep reading to learn more about home title theft and how you can prevent it from happening to you. ![]() The good news is that you can protect yourself from this type of insidious fraud and theft. It happens when a thief forges your signature and/or steals your identity, stealthily taking over the deed to your home. The idea of home theft may never have occurred to you – after all, how could anyone walk away with your home in their back pocket? We are a growing company with service areas in Colorado and Oklahoma where Moat representatives live and work in the same communities as our client base.When you think of theft, you probably think of someone stealing your wallet, your phone or maybe even your car. Moat is a unique title protection service that places a copyrighted legal document in the title chain of a client’s public records to defer and protect our clients from identity theft and fraud involving the title to our clients’ home and real property. ![]() Title fraud often begins in the public records and that is where Moat places protection for its clients. This identity scam involves researching the current owner of a house or other piece of real property in the public records (usually the county or parish where the property is located) and placing fraudulent deeds and other documents in your title in an attempt to steal both your identity and your property. Over the last few years, the bad guys have come up with a new scam to attack our identity targeting the very homes we live in. Identity theft is real and despite our best efforts to keep our data secure, it seems that the bad guys are always coming up with new ways to attack our identities and wreak havoc on our credit and our lives. It’s a painful process that leaves you feeling vulnerable and violated. Some of us have had to close credit cards or bank accounts that became compromised with fraudulent charges or debits. We have all probably received notice from a credit card company, bank or credit agency that our most sensitive data has been compromised. Unfortunately, we live in a society that includes numerous scams and frauds involving identity theft.
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