Can Your House Be Stolen on Paper? Yes, it can.
Home Title Fraud: What It Is, How It Works, What to Look for and How to Protect Yourself
You may have heard the late-night commercials warning you that your home could be stolen out from under you, that a thief could lay claim to your home's title and leave you bankrupt and in foreclosure. You may have even considered signing up for a protection service that monitors your deed and promises protection from this insidious form of identity theft. But is there any truth to all of this? Can thieves really sign on to your title and sell your home while you remain blissfully unaware?
The bad news is that home title fraud, also known as deed theft, is indeed real, and it is a growing threat to homeowners and to the owners of second homes and investment properties. If you own real estate, you do need to be aware of the dangers, and you do need to take steps to protect yourself.