A: Title Lock claims to protect you against TITLE FRAUD, not a legitimate claim. Under TITLE FRAUD, a scammer forges your name on a deed, then files it in the records room of your county courthouse, then takes out a loan, using the home as collateral. A: Yes, it is a very rare but growing scam.

Are home titles really being stolen?

Home title theft is real. The FBI has identified situations in major American cities – Chicago, Dallas, Detroit, Los Angeles, New York City and Philadelphia – where home titles are being stolen. As identity theft is on the rise, more thieves are forging titles and stealing people’s property.

What happens when you hold title to a house?

How you hold title over your real estate can affect the outcome of the sale of the property. It can also affect the taxes and fees associated with selling your home. For more information or assistance in determining the best way to hold title for your unique situation, contact your real estate attorney or tax adviser.

Are there any problems with the title of your home?

Is the home’s title free of “clouds” or “defects” — such as judgments, liens or bankruptcies — that would prevent the seller from transferring “clear” or “marketable” title to the buyer? How can you be sure?

How does the way a title is worded affect ownership?

The way your title is worded (also referred to as “the manner in which title will be held”) can affect the way ownership is transferred and your rights to transfer ownership. The way you word your title may depend on both your marital status and your personal wishes. Let’s run through some scenarios.

What happens to title insurance when you sell your home?

Unlike the other types of insurance, owner’s title insurance is paid in the form of a one-time premium at closing, and protects you against any issues for as long as you own the property. Owner’s coverage is not transferrable if you decide to sell your home to a new owner.