[MandoMan]

Originally Posted by ithos

Seen many advertisements lately about a company that will protect you from losing your home due to title fraud.

Removing you from your home's title takes just minutes. Then they forge their name on the title document and refile it. Next, they take out loans using your home's equity and stick you with the payments.

They charge $15 a month.

For those in the know, is the risk worth paying for their service? Or are their alternatives?

Complete scam! You already paid a lot for title insurance when you bought your house. Do not fall for it.

[rpalumberi]

Originally Posted by retiredguy123

To sign up for the Lake County notification service, go to:

Fraud Alert Sign Up - Lake County Clerk of Circuit & County Courts

thanks

[ithos]

Originally Posted by MandoMan

Complete scam! You already paid a lot for title insurance when you bought your house. Do not fall for it.

Once again. It is not the same. Not even close. Monitoring services are not insurance and Title insurance does not cover fraud perpetuated after the closing.

See post 3.

How to Protect Your Home From Deed Theft | Kiplinger

[ithos]

I should have been more specific. I meant Lenders Title insurance.

What is lender's title insurance? | Consumer Financial Protection Bureau

What is owner's title insurance? | Consumer Financial Protection Bureau

[KRMACK55]

Originally Posted by ithos

Seen many advertisements lately about a company that will protect you from losing your home due to title fraud.

Removing you from your home's title takes just minutes. Then they forge their name on the title document and refile it. Next, they take out loans using your home's equity and stick you with the payments.

They charge $15 a month.

For those in the know, is the risk worth paying for their service? Or are their alternatives?

These people are the same folks that do the car phony warranty, home warranty and take over your home warranty after a year when you buy your house here. The corporate umbrella is massive and it’s overpriced doesn’t do what they promise. These companies are unregulated and naive people believe this stuff out of fear.

If you own your house have no mortgage privately you should purchase transunion credit report NOT a subscription and monitor yourself. The scammers focus on those with mortgages but have a large equity stake because in Florida you can find out everything. That’s why they’re commercials all hype grab your money

[KRMACK55]

Originally Posted by EdFNJ

It seems they are different things for different purposes. "Home Title Lock" (company) is like credit monitoring except it's for your title.


Home Title Lock: Is It The Same As Home Title Insurance? - Clark Howard

It does nothing you find out just like credit monitoring AFTER the fact.

[TNLAKEPANDA]

I could be wrong but I thought that title insurance only guarantees your title at the time of purchase for prior title issues. It does not guarantee anything after the date of purchase. A quick call to any title company will answer the question.

Home title lock is like Life Lock insurance. Many people here have no mortgage so they could be prime targets. All insurance is a waste until you need it or wish you had it!

[Mrprez]

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[Bonsai Golfer]

Originally Posted by ithos

Seen many advertisements lately about a company that will protect you from losing your home due to title fraud.

Removing you from your home's title takes just minutes. Then they forge their name on the title document and refile it. Next, they take out loans using your home's equity and stick you with the payments.

They charge $15 a month.

For those in the know, is the risk worth paying for their service? Or are their alternatives?

It seems there are two issues here. One is the possibility that someone could forge documents to make it appear you have sold your home to them. I'm not sure the best way to deal with that. However, the second is that they then take out a mortgage in your name and you are stuck with the payments.

The second of these can be easily dealt with. Simply put a lock on your credit report with the three credit reporting agencies, Equifax, Experian and Transunion. Then no one will be able to take out a mortgage on the property. It is very easy to put a lock on your credit report on-line with each of these companies and you can temporarily remove the lock if you need to apply for credit. You must do this sperately for each of the companies. There is no charge to do this. Make sure to put a lock on the credit report of any co-owner of the property (for example, you and your spouse).

[retiredguy123]

Originally Posted by TNLAKEPANDA

I could be wrong but I thought that title insurance only guarantees your title at the time of purchase for prior title issues. It does not guarantee anything after the date of purchase. A quick call to any title company will answer the question.

Home title lock is like Life Lock insurance. Many people here have no mortgage so they could be prime targets. All insurance is a waste until you need it or wish you had it!

That is correct. But, paying someone every month to do something that you can easily do yourself is just not cost effective. And, how would you even know that they are doing anything?

[Nick B]

Rudy Giuliani did some ads for them I trust Rudy