Your home is probably the single largest investment you will make during your lifetime. In years past, it was considered a sanctuary, your castle, keeping your family safe and protected. But with the advent of computers and the internet, it’s become increasingly easy for your home to be placed in peril by fraudulent means. The FBI has named title fraud one of the fastest-growing crimes in America. You’ve put deadbolt locks on your doors and installed a security system, but how do you prevent title fraud from putting your home at risk? One of the smartest ways to protect yourself is with a home protection plan.
What Exactly Is Title Fraud?
Some examples of title fraud are having a lien placed on the home by contractors or having an HOA try to recover back dues, both of which will hold up a sale of the home. More substantial fraud can occur when someone claims to be acting on your behalf without your knowledge to take ownership of your property. Early intervention is the key to reducing or eliminating the risk of having your home placed in jeopardy. You need to safeguard your home’s title against all outside forces. The easiest way to do so is to constantly monitor county and courthouse records to pinpoint any unusual activity relating to your home. Since most homeowners don’t have the time or the knowledge of how to do so, it’s time to call in the experts.
What Type of Service Works Best?
Look for a service that will include the monitoring of your home’s title on an ongoing basis and who will provide you with a written monthly report of activity. If fraud is evident, they will help you understand the documents and help educate you on what has caused the potential fraud. Their in-house legal team should be able to resolve the issues caused by the fraudulent activity against the title to your property. They should provide reports, consultation, education, and fraud resolution, if necessary. Search for a company that has hundreds of subscribers, who has been in business in your area for several years, and who will offer you a risk-free trial, and doesn’t sign you up for a long-term arrangement. They should offer their services on a monthly basis, and you should be able to cancel at any time. This is the type of company you want to work with when looking for a home protection plan to protect you against title fraud.