Your home is likely your most valuable asset—and if it’s paid off, it’s even more attractive to criminals. Home title theft, also known as deed fraud, is a growing threat where scammers illegally transfer ownership of your property without your knowledge. While it’s challenging to execute, advancements in technology have made it increasingly possible. Understanding how this crime occurs and recognizing the warning signs are crucial steps in safeguarding your property.

What Is Home Title Theft?

Home title theft involves fraudsters forging documents to transfer your property’s title into their name, enabling them to take out loans against your home or even sell it. This crime can go unnoticed until significant financial damage has occurred. Both paid-off and mortgaged homes are vulnerable, but properties without mortgages are often prime targets due to the absence of lender oversight.

10 Ways to Protect Your Home from Title Thieves

• Regularly Monitor Your Property Records
  Check your property’s title status through your county recorder’s office to ensure no unauthorized changes have been made. Many counties offer free online access to these records.
• Sign Up for Property Alert Services
  Enroll in services that notify you of any filings or changes related to your property. These alerts can provide early warnings of potential fraudulent activity.
• Secure Personal Information
  Protect sensitive documents and avoid sharing personal information unnecessarily. Identity thieves often use stolen data to commit title fraud.
• Shred Sensitive Documents
  Dispose of documents containing personal information securely to prevent dumpster-diving fraudsters from accessing your data.
• Monitor Your Mail
  Be alert to missing bills or unexpected mail, which could indicate someone has changed your address or is accessing your accounts.
• Check Your Credit Reports Regularly
  Review your credit reports for unfamiliar accounts or inquiries, which could signal identity theft. You can obtain free reports from the major credit bureaus annually.
• Place a Fraud Alert on Your Credit Files
  If you suspect you’re a victim of identity theft, placing a fraud alert can make it harder for identity thieves to open accounts in your name.
• Consider Title Insurance
  While title insurance won’t prevent fraud, it can protect you financially if someone challenges your ownership due to fraudulent activity
• Be Cautious with Online Information
  Limit the amount of personal information you share online, as scammers can use this data to impersonate you.
• Consult with Professionals
  Seek advice from real estate attorneys or title companies to understand additional protective measures suitable for your situation.

Warning Signs of Title Theft

Be vigilant for indicators such as:

• Receiving bills or statements for loans you didn’t initiate.
• Notices of unpaid property taxes or foreclosure proceedings.
• Unfamiliar names on your property’s title.
• Missing utility bills or other regular correspondence.

Prompt action upon noticing these signs can mitigate potential damage.

Protecting Your Property with iDefend

iDefend offers comprehensive services to help safeguard your home against title theft. With features like title/deed monitoring, identity monitoring, credit alerts, and expert assistance, iDefend provides the tools necessary to detect and respond to fraudulent activities promptly. Their team of professionals can guide you through securing your property and personal information, offering peace of mind in an increasingly digital world.

Learn more and protect your kids today with iDefend. Try iDefend risk free for 14 days now!