How to prevent title theft: Title theft, or deed fraud, happens when someone forges your signature on a deed. Then, they record it with the county to make it look like they own your home. Next, the thief may try to sell the property. Or they might take out a loan using your equity. In some cases, they even try to evict you or your tenants. This fraud often targets seniors, second homes, or properties without mortgages because there is no lender to monitor the title.
At first, you may not notice anything. Later, the property tax bill stops coming. Then, you get a letter about a loan you never applied for. Eventually, you might be served with eviction papers or meet someone who claims they own your house. Even though the fake deed isn’t valid, fixing the problem takes time. You may need an attorney to reverse the deed and clear your title. For that reason, it’s important to act early.
How to prevent title theft:
Sign up for Los Angeles County’s free fraud alert service. Visit fraudalert.lacounty.gov. Once you register, you’ll get an email anytime a document is recorded on your property. If you notice anything unusual, act fast. First, call the County Recorder. Then, file a police report. After that, contact a real estate attorney. In a high-value market like Los Angeles, title theft is a real risk. Stay alert, and take steps now to protect your home. Sign up here
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This seems like such no brainer. Everyone should sign up now.