4 ways to stay protected from home title theft
While the progress of technology has led to many favorable outcomes, it has also increased opportunities for crime. The term ‘home theft’ used to refer to break-ins and robberies; now, it refers to scammers using technology to commit real estate fraud and steal home title deeds. This can land people into high amounts of debt, lead to foreclosure, or damage their credit scores. So, here are four ways to protect oneself from home title theft: Keep track of mail The post is addressed to one’s registered address. If one stops receiving important posted mail such as credit cards or electricity bills to one’s home, it may be a sign that someone has changed their address. One must keep a careful eye on the mail and report any suspicious activity. Monitor credit reports Everyone can receive one free credit report annually from the three major credit bureaus – Equifax, Experian, and TransUnion. Tap into these resources regularly and monitor the reports and credit scores. Watch out for any suspicious new accounts that may have been created or any unauthorized activity on pre-existing accounts. These steps can help one recognize dubious activity and flag it promptly. Invest in title insurance One must also get coverage for the owner’s title insurance policy.
