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re: Having your home title stolen
Posted on 2/25/25 at 3:08 pm to Weekend Warrior79
Posted on 2/25/25 at 3:08 pm to Weekend Warrior79
That and most people finance the taxes on their mortgage so the bank pays the taxes until you pay your loan off. You don't see a tax bill the first 15 or 30 years you finance a property if you do that.
I run title for O&G companies. I was working somewhere in N. LA when this got real popular years ago. A clerk and sheriff that I got to know gave me the whole run down about how it works at lunch one day.
I had all the same questions, but the quirks of the systems make it a relatively easy crime to pull off.
For example, how do you "steal the property" and get the money out of it without revealing your identity? Simple. You'll need a fantastic fake ID and other fake paperwork to take to bank. Should be easy to procure if this is your line of work.
ETA: You're in deep shite if/when you get caught. Felony grand theft, bank fraud, computer fraud, forgery, etc.
I run title for O&G companies. I was working somewhere in N. LA when this got real popular years ago. A clerk and sheriff that I got to know gave me the whole run down about how it works at lunch one day.
I had all the same questions, but the quirks of the systems make it a relatively easy crime to pull off.
For example, how do you "steal the property" and get the money out of it without revealing your identity? Simple. You'll need a fantastic fake ID and other fake paperwork to take to bank. Should be easy to procure if this is your line of work.
ETA: You're in deep shite if/when you get caught. Felony grand theft, bank fraud, computer fraud, forgery, etc.
This post was edited on 2/25/25 at 3:12 pm
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Posted on 2/25/25 at 3:36 pm to junior
quote:
Jack "steals" my home and getsa lona from the bank- shouldnt it be the bank whose on the hook?
Yes. If they don't do their 5 minutes of investigatory work to make sure they aren't lending $100,000 to the wrong person that's their problem not mine.
Posted on 2/25/25 at 3:41 pm to Lake08
I work in the home improvement finance industry (all 50 states) and one lender I worked for always pulled title. In 49 states, if we ever found what we thought to be an error, the home owner had to (rightfully) jump through hoops themselves in the clerks office with proof to get it corrected. In Louisiana, on more than 1 occasion, I called and talked to a clerk, told them about what I believed to be a mistake, and was told ok and the change was made on the spot. So I can see how anything is possible.
Posted on 2/25/25 at 3:43 pm to Lake08
Most clerk of court offices allow you create a flag on a property deed so you’re notified of changes.
All these folks are doing is setting up the free service and having it routed to them and then charging a fee.
All these folks are doing is setting up the free service and having it routed to them and then charging a fee.
Posted on 2/25/25 at 4:21 pm to jizzle6609
quote:
How many folks you think outright own a house?
A hell of a lot!
Posted on 2/25/25 at 6:51 pm to Lake08
Here is a good article for you in Forbes magazine. The title should give you an idea about what this really is.
The Home Title Theft Baloney
The Home Title Theft Baloney
quote:
Forgery is a felony in all fifty states, punishable by jail time and heavy fines. The court may also require restitution for damages caused by the forgery, such as the costs of clearing the title.
In the extremely unlikely event that someone goes go the trouble and risk of committing all these crimes, the cost of clearing the title is the biggest risk to a homeowner. That will require the assistance of an attorney. Wouldn't that potential expense make it worthwhile to consider buying title theft insurance? Perhaps, assuming the policy covered such expenses. Unfortunately, none do.
Posted on 2/25/25 at 6:59 pm to Lake08
This is extremely rare. Some parish clerk of court offices have a service that you can sign up for and you will be notified by e mail anytime a transaction in your name is recorded in the courthouse. Jefferson and Orleans have this.
Posted on 2/25/25 at 7:17 pm to geauxpurple
Yea this doesn’t happen. It’s like a FB scare post like sex traffickers marking cars that are targets.
I was once told that in Texas, in one year, there were only single digit claims to title insurance.
It’s near impossible to legally acquire a property tax sale. Any abstracting should find these discrepancies.
I was once told that in Texas, in one year, there were only single digit claims to title insurance.
It’s near impossible to legally acquire a property tax sale. Any abstracting should find these discrepancies.
Posted on 2/27/25 at 9:36 am to Lake08
Came across this article this morning, never knew it was this common
quote:
Title pirates—scammers who hijack property ownership to make quick, illegal sales—are becoming an increasing concern, particularly as real estate transactions shift to digital platforms, according to Hanner. This type of scam highlights a significant vulnerability in public records and raises an important question: why is it so easy for bad actors to steal a property title in the first place?
Posted on 2/27/25 at 9:39 am to jizzle6609
quote:
How many folks you think outright own a house?
I do
Posted on 2/27/25 at 9:45 am to LemmyLives
quote:
Start fast forwarding through commercials. There is no crime, and no need to own gold or silver. It's typical scare the old folk tactics.
How about Balance of Nature?
Posted on 2/27/25 at 10:14 am to Lake08
I would bet a coca cola that it has happened, somewhere, after a fashion, and that it is far more likely one would suffer a financial loss by calling the people advertising about it than one could possibly suffer from someone stealing their home's title. If you watch enough commercial TV and listen to enough commercial radio you will soon believe it ain't safe to set foot outside of your home, answer your phone, breath or eat anything. This is why you will see grown men at Dairy Queen with a pistol...they have been brainwashed and suffer from irrational fears stoked by the purveyors of walk in bath tubs, precious metal investment scams and pecker pills...
Posted on 2/27/25 at 10:28 am to Lake08
Some parishes have clerk connect to stop this type of fraud. It is the online portal to clerk of court records, including property records.
Posted on 2/27/25 at 11:36 am to Rust Cohle
quote:
Yea this doesn’t happen. It’s like a FB scare post like sex traffickers marking cars that are targets.
At least 3 times in the last 12 months I have attended a meeting and the safety topic involved the widespread practice of men hiding under parked cars of women and waiting until they approach their car whereupon the monster under the car reaches out with a razor and cuts their achilleas tendon rendering them unable to resist being kidnapped and sold into slavery. These meetings involve highly educated people who ought to know better. There is quite a bit of eye rolling but only once did anyone call them out for it....and you'd have thought I had molested some of their children they were so shocked that someone would question the veracity of such an obvious urban legend. Folks want to believe in spooky shite....hell a good many of us actually think ghosts and angels and god is real LOL....
Posted on 2/27/25 at 11:42 am to AwgustaDawg
quote:
but only once did anyone call them out for it....and you'd have thought I had molested some of their children they were so shocked that someone would question the veracity of such an obvious urban legend. Folks want to believe in spooky shite.
As for title fraud, it's becoming more popular. Sov cits are big fricking hassles with title/lien fraud.
And, as I understand it, title insurance doesn't protect you if someone "steals" your title. It's for the buyer of the property relying on the fraudulent title. Someone can correct me on this, though.
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