Although relatively uncommon for the average homeowner, home title theft is real. Here are seven easy ways to guard against title fraud:
UNUSUAL CORRESPONDENCE
Watch for unusual bills or unexpected correspondence delivered to your address.
CHANGES TO YOUR ACCOUNTS
Watch for changes to your mortgage statements or property tax accounts.
UNUSUAL WITHDRAWALS
Pay attention to bills your have on autopay. If you notice auto withdrawals stop call the agency involved.
REVIEW YOUR CREDIT
Regularly review your credit report (AnnualCreditReport.com) and look for suspicious accounts opened in your name.
TRACK YOUR MAIL
Track your mail with the U.S. Postal Service’s free Informed Delivery service so you know what’s coming to your mailbox.
GET NOTIFICATIONS
Sign up for free notifications (if offered) by your county recorder’s office. Go to Property Fraud Alert and click to see if your county is in their system.
WHAT TO DO IF YOU SUSPECT FRAUD
If you suspect title fraud do the following:
(1) Immediately contact your title insurance company to see if it’s covered.
(2) Contact a real estate attorney;.
(3) Freeze your credit until you know more.