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re: HOME TITLE THEFT --- now what?
Posted on 3/20/24 at 9:30 pm to Ben Hur
Posted on 3/20/24 at 9:30 pm to Ben Hur
quote:
When you purchase with a mortgage, title insurance is required. It is a one-time premium payment at the closing, and covers false claims to a title.
Title insurance wouldn't cover title theft but it would cover a subsequent buyer from the person attempting to steal and resell the property.
While this could happen if an amazing set of circumstances were to occur it is basically impossible for a huge number of reasons. It has happened and it may even be the fastest-growing financial crime in America, you know it happened once in 2022 and twice in 2023 so a 100% increase in a year.
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