5 ways to stay safe from home title theft
Stealing someone’s house does not always involve burglars breaking into the property and ransacking the place. A particularly nightmarish scenario for homeowners is when unknown entities sneakily try to steal the title of their property. If that happens, such individuals lose legal control of their own house and are forced to cede its possession if they do not act fast. To avoid such an outcome, here is a homeowner’s guide to staying safe from home title theft. Keeping track of one’s mail Homeowners are legally the recipients of all the mail – including bills, subscription-based products, purchases made, notices, and others – delivered into the house. A sign that an individual’s home title is under threat is when they abruptly stop receiving their bills and other important mail that they would otherwise get without fail. Not receiving mail is a sign that the actual title owner of the house has changed the address. To stay on the safe side, it is advisable for users to carefully store their deed and mortgage statements to prove ownership of their house in case matters end up in court. Getting title insurance Both lenders and homeowners can purchase title insurance. When an individual buys a house out of their pocket, the original lender mandates their purchase of the insurance to ensure that there are no liens or other disruptive elements in the way of the individual buying the property.