Although not common, deed theft can have disastrous consequences for its victims. It can ruin your credit, or worse, you'll lose your home. It may not be prolific, but it does happen to some homeowners.
But what exactly is deed theft? How do criminals steal your home title, and how can you prevent it? There are several signs that someone is trying to or has stolen your home’s deed.
What Is Deed Theft?
Deed theft is another form of identity theft. It occurs when someone steals your identity and transfers your house title to their name. Identity theft is necessary because the criminal needs to make the forged home deed look legitimate.Ways Home Title Theft Occurs
Your home’s value draws the attention of thieves. It’s a pile of money just waiting to be stolen. The biggest reason a home title is stolen is the owner not being vigilant with their finances.Taking Advantage of Financial Hardship
