Deed Fraud: how to protect yourself

Fraud Alert

What is Deed Fraud?

Deed fraud occurs when a person illegally transfers the title of a property without the owner's consent, often by forging signatures or using false identities. This type of fraud can lead to significant financial loss for the rightful owner, as the fraudster may sell or mortgage the property, leaving the original owner with legal complications and potential loss of their home.

Ways to protect yourself:

Enhanced Title Insurance

Enhanced title insurance provides broader coverage compared to standard title insurance policies. It protects against various risks, including fraudulent deeds. This type of insurance is particularly beneficial for homeowners, as it offers additional protection against potential claims that may arise after the purchase of a property. Talk to your closing attorney or title company for more details.

Post Closing Insurance

Post closing insurance is a type of coverage that protects a homeowner after the closing of a real estate transaction. This insurance is designed to cover any issues that may arise after the sale is finalized, such as:

• Title defects

• Fraudulent claims

• Unforeseen liens

This insurance provides peace of mind to homeowners, ensuring that they are protected from unexpected legal issues related to their property. Ask your closing attorney or title company for more information.

Check with Your County

It is advisable to check with your county to see if they offer an anti-fraud alert sign-up. Many counties provide services that allow property owners to receive notifications about any changes or suspicious activity related to their property title. This proactive measure can help homeowners stay informed and take action if they suspect fraud.

Sarah Craddock, Broker Associate

Blackwater Realty

C: 251-289-7958

O: 228-344-2087

sarahcraddockagent@pm.me

www.sarahcraddockagent.com