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PERSONAL FINANCE/JOHN NINFO: Deed and title theft


Let’s start off by looking at that promised issue of real estate deed or home title theft, which is basically a form of identity theft.

According to quickenloans.com, home title theft, also known as deed theft, is the process of fraudulently putting a house deed in another person’s name. A thief steals your identity, then the thief uses it to forge a deed, making it look like they are the property owner.

How can it occur? Here are several ways it lists:

1. The thief can refinance the mortgage on the property, cashing out the equity and not paying the mortgage, resulting in possible foreclosure.

2. The thief can take out a home equity line of credit (HELOC), again taking out the equity and not making the payments.



Read More: PERSONAL FINANCE/JOHN NINFO: Deed and title theft

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