Title theft is when someone uses a false identity to change ownership on a property title from your name to their name and then secures as many loans as possible against the property using your equity as collateral. People are increasingly falling victim to this type of fraud because the tactics the scammers use are now more sophisticated, using the latest technology to obtain information.
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Thieves often single out properties that are mortgage-free and where owners have a good credit rating; in particular, vacation homes, unoccupied homes, and inherited homes are targets. Sometimes the scammer actually lives in the house and tries to sell it to an unsuspecting buyer.
If a deceased relative owned a property, make sure that the title of the property is transferred to the rightful heir. If you suspect someone has been tampering with your credit or identity, immediately contact one of the three credit reporting agencies to place a fraud alert on your credit report.
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One of the reasons to call the Agardi Team if you want to buy a home or have one to sell is:
Not only do we sell our clients’ homes for more money and faster than the average area agent, but your home is also more likely to sell. According to 2015 MLS statistics, only 71% of area homes sold during their listing term. Compare that to our 95% of homes listed that sold before the end of the listing term. YOUR HOME SOLD GUARANTEED OR WE’LL BUY IT*
To discuss the sale of your home, call The Agardi Team at 718-755-2882 and start packing!
*Agardi Team and the seller have to agree on the price and the closing date.