Home Title Theft

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catdude
Posts: 1832
Joined: Mon Jul 16, 2007 8:11 pm
Location: Central Oregon

Home Title Theft

Post by catdude »

Hi Bogleheads -

Lately I've been hearing radio ads for an outfit called Home Title Lock. According to them, home title theft is the latest and greatest cyber threat. Here's their website if you want to check them out....

https://www.hometitlelock.com

Supposedly the bad guys access your home title (apparently most home titles are stored on-line nowadays), forge your signature and transfer title from you to them. Then they take out loans against the equity in your home. You're left holding the bag.

Is anyone out there knowledgeable about home title theft? How serious a threat is this? Am I just hearing advertising hype?
catdude | | "I yield to the gentleman for a few feeble remarks." (Congressman Thaddeus Stevens)
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willthrill81
Posts: 20943
Joined: Thu Jan 26, 2017 3:17 pm
Location: USA

Re: Home Title Theft

Post by willthrill81 »

Based on what I've heard, it's mostly hype.

I believe that some counties will, at your request, alert you if there are any changes to the titling of your home. This service is not likely to do more than that.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings
muddlehead
Posts: 271
Joined: Mon Sep 22, 2008 2:03 pm

Re: Home Title Theft

Post by muddlehead »

I've always thought the sale of this "insurance" is the biggest scam ever. How the heck is someone going to pretend to be me via a home title? If I'm wrong, would love to read someone here set me straight.
invest4
Posts: 221
Joined: Wed Apr 24, 2019 2:19 am

Re: Home Title Theft

Post by invest4 »

https://www.kiplinger.com/article/real- ... theft.html

It does happen, but given the odds, I would not pay for any sort of monitoring. As mentioned by willthrill81, counties are responding and notification services are becoming available. I have it within my own county and saw it in action as I received notifications following the refinancing of my home mortgage.
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djpeteski
Posts: 1002
Joined: Fri Mar 31, 2017 9:07 am

Re: Home Title Theft

Post by djpeteski »

Thank you. My county offers this service and I signed up!
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mmmodem
Posts: 2270
Joined: Thu May 20, 2010 1:22 pm

Re: Home Title Theft

Post by mmmodem »

2 years after I sold my home, I am still getting email alerts and physical mail about titling changes to the buyers from the county. I think I've received 5-6 pieces of mailing so far. I'm not too worried about the threat.
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