How to Reclaim Your Property and Protect Yourself in the Future
In situations where title insurance does not cover the loss, homeowners may need to rely on other resources. These include hiring an attorney who specializes in real estate and property fraud to navigate the complexities of quiet title actions. Additionally, reaching out to the local district attorney’s office or law enforcement can aid in criminal investigations that may help unravel the fraudulent chain of transactions. Recorded deeds have to have the signatures notarized, so additional recovery under the notary’s bond are potentially available if the notary was complicit in the fraudulent scheme.
Although restoring property ownership after multiple sales is challenging, it is not impossible. Through persistence and legal action, property owners have successfully reclaimed their property rights. Unfortunately, given the time and expense involved, the best approach to deed theft remains preventative: staying vigilant about personal information security, including freezing credit reports; regularly monitoring property title records; and utilizing title lock services to catch unauthorized transactions as quickly as possible. The security of your deed ultimately lies in your hands, however if you suspect fraud, contact the professionals at McGarvey PLLC.
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Understanding Deed Theft and Protecting Your Property
A disturbing real estate scam has emerged: criminals transfer property deed documents into their names and resell the property as though they own it.
Why Title Insurance May Not Protect Against Deed Theft
Homeowners often mistakenly assume that title insurance will protect them from all potential issues with their property’s title, including deed theft.
How to Reclaim Your Property and Protect Yourself in the Future
In situations where title insurance does not cover the loss, homeowners may need to rely on other resources.
