(239)444-5900   
Title Insurance Title Insurance Title Insurance Title Insurance
 
Title and Closing Fraud

Title and Closing Fraud

Title and Closing Fraud
Lyons Title & Trust Insurance
Title Insurance
Title Insurance Calculator
Types of Title
Residential Title
Commercial Title
Condo Title
For Sale By Owner Title
Leasehold Title Insurance
Reverse Mortgage Title
Refinance Title
Property Title
Land Title
Foreclosure Title
Owner Title Insurance
Lender Title Insurance
Title Endorsement Insurance
Joint or Individual Title
Title for Assisted Living Facilities
Title Held in Trust
Title Basics
What Is Title Insurance?
Why Do I Need Title Insurance?
What is the Definition of Title?
How Should I Hold Title?
What is a Title Commitment?
What is a Title Search?
What are Title Records?
What is the Title Process?
Refinance Title Calculators
Title Laws and Statutes
What is a Title Exam?
Who Is Involved in the Title Process
Title Insurance Underwriter
Title Companies
Title Agents
Title Insurance Underwriters
Title Closing Agent
What is the Title Process?
Searching Title
Examining Title
Recording Title
Closing Title
Title Insurance Policy
Title Issues
Title Commitment
Marketable Title
Clear Title
Title Inheritance
Clouds on Title
Title & Closing Fraud
Insurable Title
We Can Help
Title and Closing Fraud in and near Florida

Title & Closing Fraud

Title & Closing Fraud have become larger problems as modern technology has made it ever easier for fraudsters, armed with the necessary documentation and knowledge of the industry, to perpetuate real estate frauds of all types.

How do Title & Closing Fraud happen?

Let's start with the basics:
The title is the document that proves your legal ownership of your property by being placed in your name. You obtained the title when the seller signed transfer documents, a deed transferring ownership of the property to you. When that deed is recorded, the public records show you are the owner and anyone searching those public records can find out that information easily.

Armed with that, a fraudster can steal your identity as the legitimate owner of the property. An example might be that the criminal then “sells” the property to an unsuspecting purchaser who has managed to get mortgage financing. The new “buyer” moves into the property. You, as the real owner, have to evict the new “buyer”, go to court to defend your title and may find yourself responsible for any new mortgages the crook took out on the title under fraudulent circumstances.

There are many types of fraud. Another scenario is when a spouse mortgages a property for their own benefit with an accomplice impersonating their spouse. Such a con is common enough to even bear the title “spousal fraud.”

Another scenario is when a lawyer obtains an equity loan on the property and absconds with the funds. The title of the property may have even been transferred into the name of a new purchaser, but the property remains subject to the prior mortgage.

Credit reports can be run online and thieves love to target people with good credit. If your mortgage is paid off, all the better. That means the fraudster can apply for an even larger mortgage in your name. Notaries can be bribed; signatures forged; and vital records can go missing. Surveys can be faked and home inspection scams became a cottage industry in the early 2000’s.

The role of title companies has become even more critical in these perilous times. Both homeowners and lenders can protect themselves by obtaining title insurance from a reputable title company. Title insurance policies protect innocent homeowners and lenders who might otherwise face financial losses from such fraud.

A one-time payment purchases title insurance coverage that covers the entire period the homeowner owns the property and the lender holds the mortgage and, when the claim is covered, the title company will pay the legal fees, costs and expenses related to having the title restored to the insured that they lost due to fraud.
For more information on real estate fraud, click here.

Title and Closing Fraud
Title Insurance>
Title and Closing Fraud
Lyons Title & Trust Insurance
Title Insurance
Title Insurance
Title Insurance
 Title Insurance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Title Insurance

Title Insurance FL
Title Insurance Florida

 

Title Insurance Bonita Springs
Title Insurance Bonita Springs FL
Title Insurance Bonita Springs Florida
Bonita Springs Title Insurance
Title Insurance Naples
Title Insurance Naples FL
Title Insurance Naples Florida
Naples Title Insurance
Title Insurance Estero
Title Insurance Estero FL
Title Insurance Estero Florida
Estero Title Insurance
Title Insurance Barefoot Beach
Title Insurance Barefoot Beach FL
Title Insurance Barefoot Beach Florida
Barefoot Beach Title Insurance
Title Insurance Bonita Bay
Title Insurance Bonita Bay FL
Title Insurance Bonita Bay Florida
Bonita Bay Title Insurance
Title Insurance Mediterra
Title Insurance Mediterra FL
Title Insurance Mediterra Florida
Mediterra Title Insurance
Title Insurance Miromar Lakes
Title Insurance Miromar Lakes FL
Title Insurance Miromar Lakes Florida
Miromar Lakes Title Insurance
Title Insurance Pelican Landing
Title Insurance Pelican Landing FL
Title Insurance Pelican Landing Florida
Pelican Landing Title Insurance
Title Insurance Quail West
Title Insurance Quail West FL
Title Insurance Quail West Florida
Quail West Title Insurance
Title Insurance The Brooks
Title Insurance The Brooks FL
Title Insurance The Brooks Florida
The Brooks Title Insurance
Title Insurance Bonita Beach
Title Insurance Bonita Beach FL
Title Insurance Bonita Beach Florida
Bonita Beach Title Insurance
Title Insurance North Port
Title Insurance North Port FL
Title Insurance North Port Florida
North Port Title Insurance