![]() ![]() ![]() That person would have to go to court to get an eviction notice, giving the homeowner the ability to defend themselves in front of a judge, Snyder said. “They can’t just throw me out of my house onto the street.” “That isn’t going to go well,” Snyder stated. While anyone can put a lien on a property, the person recording the lien is responsible for proving their lien is legitimate, Snyder said.Īccording to Snyder, if a person did file a lien against a homeowner’s deed, that person would have to knock on the homeowner's door and tell them to leave, Snyder said. It happens quite often but it never goes anywhere because it’s clear that it is fraudulent,” Snyder said. “Anybody can record anything against anybody’s property and it can be fraudulent. ![]() Nowhere do these companies offer to prevent your title from succumbing to fraud. ![]() If you have watched TV or listened to the radio, you have likely heard the frightening words of Title Lock commercials stating that you could be at risk of losing your home.įor only a few dollars each month, Title Lock states it will monitor a customer’s title for any records filed on it. This is how all cases involving title fraud have been handled, Snyder stated. He dismissed the case and cleared titles on all the properties, Snyder said. The judge looked at the documents provided by the tenants and immediately saw they were fraudulent. According to Snyder, it took only a few months to resolve the issue. Within weeks, the executor of the estate discovered the situation and took the case to court. Without children, the man’s estate was handled by a third party.ĭuring the process of settling the man’s estate, two of his tenants filed quick claim deeds to his properties and tried to sell them, Snyder said. In his 17 years in real estate, Associate Executive for First American Title Kyle Snyder has only seen one case of title fraud and it was in Longmont.Īccording to Snyder, a Longmont resident who owned several rental properties died. Rather than delay the settlement, “they end up paying a lien that is actually fraudulent.Do you need Title Lock protection for your home? A local real estate guru says he can think of no reason why anyone would. When it comes up for sale, the buyer and seller learn about the lien. But in a loophole, fake mechanic liens can be put on a property, too. Contractors, subcontractors, suppliers and others can place these on a property, according to Texas law. A legitimate mechanic’s lien is a lien placed on a property by someone who believes they are owed money for work done. The second technique is a fake mechanic’s lien placed on a property. The real property owner is on the hook for whatever amount of loan they’ve taken out.” The point? “They’ve taken out a loan and used that property for collateral. The thief has forged transfer papers or a name or a notary seal and stolen the name off the property title and replaced it with hers or his. “Later on when you want to sell the property, you find out you don’t own it,” he says. This is how a property’s ownership is moved without their knowledge and illegally. The most likely technique to steal involves a fake quitclaim deed and deed of transfer, along with a fake notary seal. ![]()
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