Defend Your Deed

With the rise of digital transactions in the real estate sector, deed fraud has emerged as a significant threat to property owners. This form of fraud, also known as title fraud, occurs when a criminal unlawfully transfers a property's title without the owner's knowledge. The implications can be severe, involving financial loss and lengthy legal disputes. At Sivia Law, we prioritize educating our clients on these risks and providing strategies to protect their investments.

Understanding Deed Fraud

Deed fraud is a complex scam, often rooted in identity theft. Perpetrators may forge documents and use false identification to assume control of a property. Once they have access, they can secure loans against it or sell it to an unsuspecting buyer. Unfortunately, this crime often remains hidden until the legitimate owner attempts to sell or refinance the property, only to find the title compromised.

Signs of Deed Fraud

Recognizing potential signs of deed fraud can help you act quickly to protect your property. Be on the lookout for:

• Unexpected Purchase Offers: Receiving offers for your property when it's not on the market.
• Unfamiliar Notifications: Notices regarding changes in property tax records or mail addressed to someone else.
• Missing Correspondence: A halt in receiving regular bills or statements linked to your property.

Protecting Your Property

The Real Estate Experts at Sivia Law suggest several steps to shield yourself from deed fraud:

1. Regularly Check Property Records

Frequently review your property's title status through your local land records office. Many areas provide online access to property records, allowing for easy monitoring of unauthorized changes.

2. Secure Personal Data

Protect your personal information by destroying sensitive documents and being mindful of sharing details over the phone or online. Identity theft is often the precursor to deed fraud.

3. Invest in Title Insurance

Title insurance offers an additional safeguard by covering losses from title defects, including fraud. Consult with the Real Estate Experts at Sivia Law to determine if this is a suitable option for you.

4. Stay Updated

Staying informed about new scams and prevention tactics is crucial. Resources from the FBI and local real estate boards can keep you updated on emerging threats.

Steps to Take if You're a Victim

If you suspect deed fraud, swift action is crucial. Contact the police, inform your mortgage lender, and seek advice from a real estate attorney. The team at Sivia Law can provide expert legal guidance and assist in the intricate process of reclaiming your property rights.

Safeguard Your Assets with Sivia Law

Deed fraud is a serious concern that demands attention and awareness. By staying informed and taking preventive measures, you can secure your real estate investment against potential scams. If you have questions or need help with real estate legal issues, the Real Estate Experts at Sivia Law are ready to assist.

From Real Estate Law, to Estate Planning, Probate, and more, you can count on the experts at Sivia Law to help you through all of life's most important transitions. Call us today at 618.659.4499