REAL ESTATE TITLE FRAUD IS INCREASING.
DON’T BECOME A VICTIM

 

Purchasing a home may be the largest investment you ever make.  Your investment is protected when your lawyer ensures that you have “good title” to the property you are purchasing.  By ensuring you have good title, your lawyer makes certain that title to your property is accurately registered and is free from unknown claims.  What your lawyer cannot protect you from is the possibility that you will become a victim of title fraud.  UNTIL NOW!!  Homeowners who did not obtain a title insurance policy when they bought their home can now benefit from the protection title insurance provides.  The Existing Home Owner Policy, which provided those who already own their home with the protection of title insurance is now available and can be ordered from me at any time during the course of home ownership

WHAT IS TITLE FRAUD?

Some of the most common cases of title fraud include instances where:

  1. Someone refinances your property by forging your signature and using fake identification, running away with the funds and leaving you to pay the costs of defending your title; or
  2. Someone transfers title out of your name and then mortgages the property without your knowledge, leaving you with the responsibility of having to repay the mortgage and reclaim your ownership

 

HOW DO YOU PROTECT YOURSELF?

Order an existing home owner policy, which must be purchased through a lawyer, and for a single, one-time only premium of $395.00, you will have protection from the following repercussions of title fraud:

  1. The cost of defending one’s right of ownership, which can cost tens of thousands of dollars
  2. The stress of uncertainty surrounding the resolution of title-related problems;
  3. The time spent waiting for resolution from the Land Titles Assurance Fund; and
  4. The loss associated with a fraudulent mortgage that is entitled to remain registered against the true home owner’s interest

 

The policy is effective from the date on which you took title to the property until you sell your home.  Additionally, the Existing Home Owner Policy protects you from title problems such as defects that would have been revealed by an up-to-date survey, title defects including mortgages that were discharged but remain on title, and certain construction liens.